How Next Built One of Retail’s Most Profitable Models
March 31, 2026
Disciplined inventory control, a capital-light platform and margin-first retailing are
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▪ Cotton futures are trading at their highest level since February 2024, supported by the ongoing weakness of the dollar amid fears of an economic slowdown induced by trade tariffs.
▪ WTI crude oil futures gains are being supported by a weaker US dollar and reduced global oversupply forecasts.
▪ Yarn prices remained flat as concerns over a looming trade war reduced demand.
Markets
Disciplined inventory control, a capital-light platform and margin-first retailing are
Brands wrapped up 2025 with stronger-than-expected earnings. However there are
Higher oil and energy costs are expected to squeeze discretionary
A fragile revenue recovery is facing pressure from tariffs, higher
In uncertain markets, heritage brands are rediscovering that reputation, craft,
Asia and South America are driving retail expansion, but success
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