The Latest Breaking News from Simon Wolfson

Next boss Lord Wolfson warns of youth unemployment ‘crisis’ in UK

IN FULL

The Independent UK · May 26

Government policy is causing a ‘crisis’ in youth unemployment, Next boss warns

Simon Wolfson said rises in the rate of national insurance contributions and the minimum wage have hurt the employment market

The Independent UK · May 26

Next boss warns of youth unemployment ‘crisis’ as shop vacancies drop

Increased labour costs and slow economic growth are responsible for the shrinking of vacancies, Lord Simon Wolfson said.

Evening Standard · May 26

Next to reveal jump in profit despite rising costs and trade war uncertainty

The retail giant will post its first quarter results on May 8, hot on the heels of revealing annual profits of more than £1 billion.

The Independent UK · May 2, 2025

The British mega-retailer whose CEO writes the company’s earnings statement just clocked up a record $1.3 billion profit

“Next is the envy of the retail sector,” an investment director said, as it became only the fourth British retailer to hit the £1 billion profit milestone.

Fortune · Mar 27, 2025

Next continues success story by reporting first £1bn in annual profits

Retailer ‘defies gravity’ to become only fourth in UK to pass £1bn profit threshold

The Guardian - UK · Mar 27, 2025

Next boss issues warning on the impact on jobs of NI changes

the Next boss said the Government should stagger the introduction of the NI changes rather than introduce them in one hit in April

Evening Standard · Jan 17, 2025

Big retail will cope – but Reeves’ NICs raid is too much, too soon for part-timers

In the hospitality sector, where labour costs are a bigger proportion of the overall base, employers have fewer options

The Guardian - UK · Jan 9, 2025

Next and the beautiful arithmetic of long-termism

The dawn of a new era of faster profits growth from overseas and ‘platform’ operations are among reasons for the retailer to be cheerful

The Guardian - UK · Sep 19, 2024

Next in line for £1bn of profits as internet shopping peaks

Next boss Simon Wolfson today declared that internet retail shopping has peaked and that the future of the high street is sunny as his company headed towards annual profits of £1 billion for the first time.

Evening Standard · Sep 19, 2024