Next plc core and ancillary business activities
Next plc is a United Kingdom based retailer offering products in clothing, footwear, accessories and home products. The Company distributes through three channels: Next Retail, a chain of more than 500 stores in the United Kingdom and Eire; Next Directory, a home shopping catalogue and Website with around three million customers and international Websites serving approximately 50 countries, and Next International, with approximately 200 stores globally. NEXT Sourcing has operations in mainland China, Hong Kong, Sri Lanka, India and the UK engaged in the design, sourcing, buying, merchandising and quality control of NEXT products (Next Corporation, 2012). Other group businesses include NEXT Sourcing, which designs, sources and buys NEXT branded products; Lipsy, which designs and sells its own branded younger women's fashion products through retail, Internet and wholesale channels. During the year ended January 31, 2012, the Company sold its customer services management business, Ventura, to The Capita Group plc (Financial Times Ltd, 2012). Mission
We plan to supply an complete lofty stage of repair to all our consumers to greeting them to Next, whether they are shopping in our elevated road, shopping centre or trade commons provisions, the Next Index, or online from side to side our website. Though our clientele prefer to supermarket with us, it should be secure, hospitable and simply reachable for all. We aspire to take action to consumers exacting desires from end to end the box up of actions we have in position, which we suppose chains all our consumers as well as individuals with further wants (Business Teacher, 2011). Business Strategy
The primary financial objective of the NEXT group remains the delivery of sustainable long term growth in earnings per share. NEXT believes this objective is best achieved by continuation of the following strategies in its operating businesses: * Improving and...
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