Retailer spending extra 拢45m on capex compared to same period in 2014.

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Next is planning to expand capital expenditure to 拢155m on the back of a rise in revenue to 拢1.9bn.

Next鈥檚 latest half year results showed that the retailer鈥檚 planned spending on retail space, refits and warehouses is 拢45m, ahead of the same period last year, with the retailer planning to raise investment in warehouses from 拢12m to 拢27m by January 2016, and new retail space expansion by 拢11m to 拢85m.

In a statement Next said: 鈥淣ew retail space remains our biggest investment at 拢85m. We are increasing our expenditure on cosmetic and maintenance refits to 拢15m which compares to 拢6m last year, we expect this figure to average 拢11m over the course of the next three years.

鈥淲arehouse capex increases by 拢15m to 拢27m, which includes 拢20m on a new furniture warehouse. Expenditure on head office infrastructure increases to 拢16m as we continue the process of upgrading our central facilities.鈥�

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