UK based Next Plc is one of the largest retailers offeringwide range of clothing products, footwear, household products, accessories and many other high quality products. It has three important retail chains: NEXT Retail with over 500 stores in the UK and Eire; NEXT Directory with above 3 million customers shopping online through website and NEXT International that operates in the global market, has over 180 international stores(Director’ report and review, annual report-2011). Moreover, next has been continuously growing through its web portal for online purchase in more than 30 countries.
NEXT Plc’s primary objective is to deliver sustainability in order to achieve long term growth in EPS. In order to attain such objectives, Board has been continuously focusing on improvement and development of NEXT product range; expansion of NEXT Retail and Lipsy (branded new generation fashion products are designed and sold via retail, internet and wholesale channels) to meet the financial criteria and enhance sales and profit contribution; improving NEXT Directory customers along with their average expenditure; excellent quality product sourcing; cost control; efficient inventory management and working capital; and strong financing structure (Director’ report and review, annual report-2011).