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UPDATE 1-UK s Next joins list of clothing retailers pausing Myanmar orders

By Reuters Staff (Adds detail) 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). Myanmar is known globally for its yarn, fabric and textile products, and its garment industry is a key source of jobs.

Next says Suez blockage has delayed 2% of stock -CEO

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Next raises profit guidance after year of strong online sales

Next raises profit guidance after year of strong online sales Next has managed to weather the pandemic storm after expanding its online presence with sales now accounting for nearly half of turnover.  The retailer said online sales had been stronger than expected in the first eight weeks of the year and are up 60 per cent on two years ago. As a result Next is raising its central profit guidance by £30m to £700m.  Richard Hunter, Head of Markets at Interactive Investor said: “Next is often an unsung hero among investors, but these results again show the resilience and the openness in the way the company operates.”

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