10 Apr 2021 / 09:00 H. Next CEO says move is big step Orders switched to Bangladesh, Cambodia and China Primark, H&M, and Benetton have also paused orders (Adds detail of where Next s orders have gone instead)
By James Davey
LONDON, April 1 (Reuters) - Britain s Next on Thursday joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of February s military coup.
Myanmar has been rocked by protests since the army overthrew the elected government of Nobel laureate Aung San Suu Kyi on Feb. 1 citing unsubstantiated claims of fraud in a November election.
At least 536 civilians have been killed in protests, 141 of them on Saturday, the bloodiest day of the unrest, according to the Assistance Association for Political Prisoners (AAPP).
ALEX BRUMMER: Deliveroo could well prove the naysayers wrong
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ALEX BRUMMER: Deliveroo could well prove the naysayers wrong
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111442511 pa-18587209 Next CEO says move is big step Orders switched to Bangladesh, Cambodia and China Primark, H&M, and Benetton have also paused orders
LONDON, April 4 (Reuters): Britain s Next has joined a growing list of European clothing retailers suspending new production orders with factories in Myanmar in the wake of February s military coup.
Myanmar has been rocked by protests since the army overthrew the elected government of Nobel laureate Aung San Suu Kyi on Feb. 1 citing unsubstantiated claims of fraud in a November election.
At least 536 civilians have been killed in protests, 141 of them on Saturday, the bloodiest day of the unrest, according to the Assistance Association for Political Prisoners (AAPP).
By Karen Peattie
FASHION and homewares chain Next lifted its full-year profit expectations as online sales rebounded in the past eight weeks but pre-tax profit for the year to January 2021 slumped by more than half to £342 million from £749m a year ago. Total group sales dropped 17 per cent to £3.6 billion. Next, which operates nearly 500 stores, predicted the shift to online sales during the coronavirus pandemic will continue and said it accelerated part of its planned capital expenditure in the online business, spending £121m on warehousing and systems. Shares in the retailer jumped on the back of news that online sales from the beginning of February were “stronger than expected” and up more than 60% on two years ago.