Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

James Moore: We are right, says Next, and anon is wrong

Thursday 05 November 2009 01:00 GMT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Outlook: Next and M&S might have reported better-than-expected sales figures yesterday but, of course, the focus on planet retail is not so much on the numbers themselves but on how they are put together.

For the uninitiated, Next offers comparatives on same store sales excluding new openings and the internet. The same figure supplied by its great rival M&S, however, makes no apology for including online sales.

The crux of the debate is that the latter could be argued to make the M&S sales figures look a lot better because the internet channel is growing at a much faster rate than shop sales, notwithstanding the continuing mess at the Royal Mail.

Next's management have got so hot under their expensively tailored collars about this that they included a lengthy explanation as to why their rationale is right in their interim management statement.

There's no mention of M&S but there is no doubt about who they were aiming at.

As for Sir Stuart Rose's mob, their argument amounts to this: We're M&S and we've always done it this way. So yah boo sucks to you Next.

There's nothing like a good old barney in the rag trade to raise a bit of a smile as winter starts to come round.

When it all come down to it, Next (just about) has the moral high ground. Greater disclosure is to be applauded (and they've decided to offer an M&S style figure as well, just in case you were interested).

All this aside, both companies appear to be showing some sort of improvement, adding further fuel to the feeling that this Christmas might be a merry(ish) one on the High Street after a tough couple of years. That's something to cheer about. If only the children could learn to play nicely.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in