David Jones, the Next chairman who ran the company for four years after serving as chief executive for 12 years, stepped down at the company’s agm last month. John Barton is to be the new chairman of the retailing group.
Jones’ departure coincides with declining turnover at the group, with chief executive Simon Wolfson reporting like-for-like sales down 5.8 per cent from 29 January to 13 May at 244 stores not affected by new openings, and the likelihood of “a confirmed slowdown”. Next Directory sales rose by 13.2 per cent over the same period.
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