Exchange Rate
This coverage examines the impact of exchange rate fluctuations on the UK retail sector. Stay informed on how changes in currency values influence import costs, product pricing, and consumer purchasing power. Tailored for retail professionals, our reporting provides insights into how exchange rate movements affect pricing strategies, supply chains, and retail operations, especially for businesses with international dealings.
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Jan- 2023 -23 JanuaryHigh Street
Waterstones profits rise by £40m in FY22
Waterstones has seen its profit-before-tax rise to £42.1m in the year to April 2022, up from £2.9m the prior year and £19.7 in FY20, as customers returned to the high street. The bookseller also reported that full-year revenues soared 73% to £399.8m, as Covid-related restrictions came to an end. Although…
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Nov- 2022 -21 NovemberClothing & Shoes
Foot Locker lifts guidance despite fall in Q3 sales
Footwear retailer Foot Locker has raised its FY guidance despite seeing a fall in sales and net income during the third quarter. For the 13-week period ending 29 October 2022, the company reported net income of $96m (£81.2m) compared with $158m (£133.7m) the prior-year period. Meanwhile, it confirmed third quarter…
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Jul- 2022 -15 JulyClothing & Shoes
Uniqlo owner raises outlook amid profit and sales surge
Uniqlo owner Fast Retailing has raised its full-year outlook after posting record profits for the third quarter of the year. In the three months to 31 May, the retailer recorded operating profits of 81.8bn yen (£498m), up 36.5% YOY. The strong performance comes as revenues surged 10.3% to 546.1bn yen…
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Feb- 2022 -28 FebruaryClothing & Shoes
Primark H1 sales surge 60%
Associated British Foods (ABF) said it expects sales and adjusted operating profit to be ahead of the pre-Covid levels that were achieved in H1 of FY20 for the 24 weeks to 5 March 2022, driven by an expected 60% increase in sales at Primark. Like-for-like sales improved compared to Q4…
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May- 2021 -14 MayClothing & Shoes
Farfetch Q1 sales rise 46%
Luxury retailer Farfetch has reported a strong start to the year with Q1 revenues increasing 46% to $485m (£344.1m). It comes as it revealed Gross Merchandise Value (GMV) increased by $304.7m (£216.6m) from $610.9m (£434.2m) in the first quarter of 2020 to $915.6m (£650.8m) in the first quarter of 2021,…
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Feb- 2019 -14 FebruaryHigh Street
Mike Ashley’s business profits tumble
Profits at the holding company that contains Mike Ashley’s business empire plummeted in 2017, attributed to the fall in value of the pound and the poor performance at Newcastle United. Accounts filed at Companies House for the financial year ending April 2017 revealed profits at Mash Holdings fell from £227.7m…
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Jan- 2019 -15 JanuaryEntertainment
Games Workshop delivers strong half-year results
Fantasy miniatures retailer Games Workshop has reported a sales increase of 14% to £125.2m in its half-year results, covering the six month period to 2 December 2018. On a constant currency basis sales were up by 13% from £109.6m to £124m, compromised of retail £42.3m (2017: £39.6m), trade £60.7m (2017:…
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Dec- 2018 -7 DecemberClothing & Shoes
Primark owner warns ‘trading was challenging’ for November
Primark owner, Associated British Foods has warned that trading for November was “challenging” for the clothing retailer. The group’s chairman, Michael McLintock, will say at its AGM today that a “tough retail market” was to blame for a challenging month. Trading was “in line with expectations” for the first eight…
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Oct- 2018 -9 OctoberAdvice
The Brexit dividend may be nearing an end for UK retailers – so what now?
Much has been made of the potential ‘Brexit dividend’ that the economy may enjoy if the UK parts company with Brussels in March next year, with the argument polarising commentators and economists. One sector of the economy that benefitted initially after the referendum is retail, as international shoppers were able…
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Sep- 2018 -13 SeptemberHigh Street
John Lewis hit by 99% drop in H1 profits
The John Lewis Partnership has reported a 99% slump in its underlying profits to £1.2m in the first six months of the year, which the company described as “challenging times”. The significant drop in profits comes despite a 1.6% uptick in revenue to £5.4bn attributed to the increased online grocery…
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