Next Brings Cheer to U.K. Retailers

The transcript discusses the performance of High Street sales, noting a modest increase and the impact of Christmas timing. It highlights a renewed interest in fashion, with consumers shifting back to spending on clothing. The discussion also covers Brexit-related cost issues, suggesting a potential decrease in inflation but stagnant wages. The digital transformation in retail is emphasized, with Next's online sales showing significant growth, indicating a shift towards e-commerce.

What was the percentage increase in sales for 'Next' during the Christmas period?

• 5%

• 10%

• 1.5%

• 3%

What change in consumer behavior was noted in the fashion industry?

• A decline in online shopping

• A shift towards home improvement

• A renewed interest in fashionable clothing

• Increased spending on electronics

How did Brexit-related issues affect retailers?

• Decreased consumer spending

• Price inflation and cost challenges

• Higher import taxes

• Increased wages

What was the growth percentage of Next's online business compared to its physical stores?

• 15% growth online, 8% decline in stores

• 10% growth online, 5% decline in stores

• 13% growth online, 6% decline in stores

• 6% growth online, 13% decline in stores

When did Next start its online retail business?

• 2005

• 2010

• 1995

• 1998-1999