Next Goes Beyond Marks&Spencer To Become The Most Profitable Clothing Retailer In Britain

< p > Britain's second largest a href= "http://www.91se91.com/news/index_c.asp" > clothing retailer < /a > NextPLC (NXT.L) achieved a 12% increase in pre tax profits in the 2013 fiscal year ended January 31, 2014, reaching 695 million 200 thousand pounds, outperforming analysts' forecast of 694 million pounds, exceeding the total pre tax profit of Martha, the largest clothing retailer Marks&SpencerGroupPLC (MKS.L) in the fiscal year ended March 31, 2013, 665 million 200 thousand pounds, and became the most profitable clothing retailer in the UK for the first time since its establishment in 1982.

Marks&SpencerGroupPLC (MKS.L) Martha's department will announce its full financial results in fiscal year 2013 as of March 31, 2014. The market expects that the group's pre tax profits will also be under NextPLC (NXT.L) last year.

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< p > > a href= "http://www.91se91.com/news/index_c.asp" > Next < /a > PLC rose 2.2% to 6725 pence late on Thursday, the market value reached 10 billion 400 million pounds, far exceeding the Marks&SpencerGroupPLC (MKS.L) Martha department store 7 billion 650 million pounds.

So far, with the rapid development of e-commerce business, NextPLC (NXT.L) has lagged behind Marks&SpencerGroupPLC (MKS.L), a href= "http://www.91se91.com/news/index_c.asp" and Martha department store "/a" only in terms of overall sales volume.

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Net sales of < p > NextPLC (NXT.L) totaled 3 billion 740 million pounds, representing an increase of 5.4% over the 3 billion 547 million 800 thousand fiscal year 2012.

The net sales of Marks&SpencerGroupPLC (MKS.L) Martha department store in fiscal year 2012 are up to 10 billion, but nearly half of them come from the food business.

Next brand business rose 5.5% compared to the same period last year. E-commerce and directory mail order business NextDirectory increased by 12% over the previous year, while sales of the physical retail network (more than 500 stores in the United Kingdom, Ireland and 200 stores in more than 30 countries worldwide) registered a 1.7% increase.

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P Mintel analyst RichardPerks believes that in many ways, NextPLC (NXT.L) is "the most successful multi-channel retailer". According to the current trend, "unless M&S can reverse the situation, Next will surpass it as a market leader".

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< p > NextPLC (NXT.L) year-on-year net profit rose 8.8% to 553 million 200 thousand pounds, the previous year was 508 million 600 thousand pounds.

The group decided to issue an annual dividend of 129 pence, up 23% from a year earlier.

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< p > NextPLC (NXT.L) predicts that the pre tax profit in the current fiscal year as of January 2015 will be between 7.3-7.7 billion pounds, which is higher than analysts' forecast of the pre tax profit of 719 million Marks&SpencerGroupPLC (MKS.L) Martha department store in fiscal 2014.

The group also raised its sales expectations in the current fiscal year. It is expected that the Next brand revenue will rise to 4-8%, which was expected to be 3-7%.

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< p > NextPLC (NXT.L) reported 6745 pence a day, up 2.51%.

The stock increased 61% last year, while Marks&SpencerGroupPLC (MKS.L) was only 21%.

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