Skip to content
Search

Latest Stories

Submit Guest Post

British retailer Next restarts online business

BRITISH clothing retailer Next on Tuesday (14) said that it will reopen its online business with additional safety measures to cope with the COVID-19 emergency.

The online operation, which provides over half of Next's revenue, has been closed since March 26.


The retailer's stores were shut on March 23, a day before Britain went into lockdown.

Under government guidelines online businesses are allowed to remain open.

"Next has since implemented very extensive additional safety measures and having consulted with colleagues and our recognised union, USDAW, it will re-open online in a very limited way from April 14," the retailer said.

Initially only categories that customers most need will be offered, such as childrenswear and selected small home items. Other product ranges may be added at a later date.

Next said operations will start with support from staff who are willing and able to safely return to work.

"The idea is to begin selling in low volumes, so that we only need a small number of colleagues in each warehouse at any one time, helping to ensure rigorous social distancing is complied with," it said.

To achieve these limited volumes, the company will only allow customers to order the number of items that it believes can be picked safely on any given day.

Shares in Next, down 34 per cent, so far in 2020.

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

Metro Bank

Metro Bank is exploring a sale three years after a £925m rescue deal brought Colombian billionaire Jaime Gilinski Bacal in as its majority shareholder

iStock

Three years after its £925m rescue, Metro Bank is looking for a buyer

  • Metro Bank has invited potential buyers to consider a takeover, although it says no active negotiations are under way
  • Majority shareholder Jaime Gilinski Bacal could make an estimated £427m paper gain on his investment
  • The lender has returned to profitability after cutting costs, reducing its workforce and shifting towards specialist lending

Metro Bank is looking for a buyer three years after a £925m rescue deal, opening the possibility of a lucrative exit for Colombian billionaire Jaime Gilinski Bacal, whose investment has risen sharply in value during the lender's turnaround.

The London-based bank announced on November 12 that it had begun a formal sale process as part of a wider strategic review. Its shares rose by around 7 per cent following the announcement, valuing the business at approximately £1.3bn during Thursday's trading.

Keep ReadingShow less