1Question 1
1.1Introduction
This assignment will analyse and compare the financial performance between NEXT and DEBENHAMS by examining their latest Annual Reports. In order to conclude and comment on these two businesses, appropriate ratios will be calculated through the figures in their business financial statements and the information regarding their industry and market conditions in Annual Reports will also be analysed.
NEXT is a British brand, the main products of which include clothing, shoes, accessories and homewares. NEXT distributes its products through various channels. NEXT has more than 500 retail stores in its main market of Britain and Ireland meanwhile it also runs another 200 franchised stores in more than 40 countries overseas. In addition, NEXT operates online shopping website and home shopping catalogue with over 4 million active customers.
DEBENHAMS is a famous department store in the UK, primarily providing clothing, accessories, beauty and furniture. DEBENHAMS performs as a leader in UK market in clothing and premium health and beauty. Moreover, it also owns an online shop and operates stores across 27 countries overseas.
1.2Critical Evaluation of Performance as detailed in most recent Annual Reports
According to the latest available Annual Reports, NEXT and DEBENHAMS experienced totally differently. For NEXT, it was a good year especially in the first half of 2015 the sales were so strong that upped by 11%. However, for DEBENHAMS, it encountered
After reviewing the Financial Report from The Leslie Fay Companies from 1987 to 1991, I made ratios of Balance Sheet and Income Statement to start with audit planning, which could help us make comparison directly. Also, the calculation of ratios in liquidity, activity, profitability and solvency contains in my report. The purpose of analytical procedures is to detect “red flags” within the financial and non-financial information. For the financial part, firstly, I made year-to-year comparisons from 1987 to 1991; then, I did going concern analysis that to compare the data from The Laslie Fay Co. with the industry standard
This course focuses on ways in which financial statements reflect business operations and emphasizes use of financial statements in the decision-making process. The course encompasses all business forms and various sectors such as merchandising, manufacturing and service. Students make extensive use of spreadsheet applications to analyze accounting records and financial statements. Prerequisites: COMP100 and MATH114 / 4-4
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that for the past three years there’s been a decrease in sales which has lead to a drop in
After the merger chain deals with the Kendalls, Hepworth initiated womenswear stores naming it NEXT in 1981. In 1864 before NEXT, Hepworth launched Joseph Hepworth & Son in Leeds which were tailors for menswear. By 1990s, NEXT had widened their clothing categories while undergoing massive global expansion with its outlets count with their brand trading in around 40 different countries. Today, NEXT stands among the top five largest clothing retailers by sales in the United Kingdom competing alongside Supergroup, Marks & Spencer, and others.
Next pc is a uk based retailer that sells moderately price clothing for men, women and children. It also specialize in housewives and furnitures through 500 stores primarily in uk and irelandl. It also franchise more than 200 stores in asia nad Europe counties.
Lowes’ previous financial performance will be compared to their current financial performance, inferring the company’s future performance outcome. The purpose of the financial analysis is to assist in capturing the necessary fundamentals to describe the company. It is severely important to establish and evaluate the key drivers of a company to help determine the future goals and success.
Next pc is a uk based retailer that sells moderately price clothing for men, women and children. It also specialize in housewives and furnitures through 500 stores primarily in uk and irelandl. It also franchise more than 200 stores in asia nad Europe counties.
Target Corporation was incorporated in Minnesota in 1902. Target operates large-format general merchandise discount stores in the United States, which include Target and SuperTarget stores.
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Considering NEXT’s product orientation, the organization sells moderately priced clothing and target customers are stylish women and men from 20 to 40. It also updates low price fashion products frequently. It shows that the price of NEXT products is acceptable for the public.
According to Nextplc (2014) Next is one of the biggest United Kingdom (UK) Retailer involved in offering and selling exquisitely designed, quality fashion and accessories for men, women and children. They have been in this business for over 150years. They offered services through Next retail which has more than 500 stores in UK, Next Directory which offers a home shopping catalogue and website (domestically and international) with more than 4 million active customers around 70 countries. They also offered Next international with more than 200 licensed stores around the world. The main competitor of Next includes Zara, Mark & Spencer, Debenhams and Topshop.