A Missin Sttement nd Strtegies f NEXT Plc Essay

A Missin Sttement nd Strtegies f NEXT Plc - Essay showcaseClthes retilers fll int tw brd ctegries firstly, thse selling wn-brnd clthing nd, secndly, thse selling third-prty wer. Mjr retilers such s Mrks & Spencer nd the rcdi Grup re gd exmples f the first grup, s re chin pertins such s NEXT nd Gp. The secnd grup includes the mjr deprtment stres nd the mjrity f independent retilers in the UK. Clthing retiling is highly diverse industry. The retil sectr rnges frm lw-cst nd discunts retilers thrugh t independents, sprtswer, frml wer nd highly exclusive designer butiques. Hwever, s in mst cnsumer gds mrkets, it is t the middle take aim where the mjr plyers re t be fund nd mney cn be erned. The pliticl envirnment f the NEXT plc is quite gd s the stble nd relible ntwithstnding tht Britin filed t rech the greement with sme EU plicies frm time t time. t the present n EU leaseives re knwn which will hve direct effect n the UK clthing retil industry in the ner future. Due t the EU members hip prune cn be seen twrds stricter envirnmentl prtectin legisltin. This my hve direct r substantiating effect n NEXT r his suppliers. Lking t the ecnmic envirnment, it is smewht tricky since n the ne hnd there is the strng sterling cmpred t the Eur. Eurlnd encurges imprts nd endevurs t hld dmestic prices t n ttrctive level. But n the ther hnd it is difficult fr the UK t be cmpetitive utside its bundries bec using up f the high pund sterling exchnge rte ginst the Eur.