Financial Results
This coverage analyses UK retailers’ financial results, including revenue, profit, margin performance, and quarterly updates. Reporting highlights underlying sales trends, cost pressures, executive commentary, and strategic guidance — offering insight for finance leaders, commercial directors, and retail executives assessing performance and making informed decisions.
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May- 2019 -28 MayClothing & Shoes
Monsoon founder to inject £34m into business to avoid collapse
The founder of women’s clothing and accessories chain Monsoon has pledged to provide up to £34m in funding for the company to avoid its collapse. Peter Simon is reportedly seeking rent reductions for roughly two thirds of its 271 outlets in a bid to keep stores open and improve the…
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2 MayClothing & Shoes
Zalando starts 2019 with ‘strong and profitable growth’
Zalando has said it “successfully expanded its customer reach” as it saw revenues and profits jump for the first quarter of 2019. It revealed that revenues increased by 15.2% to £1.2bn and its adjusted EBITDA increase from £0.3m to £5.5m. Zalando attributed the rise to its active customers increasing by…
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Apr- 2019 -24 AprilHigh Street
Majestic Wine could sell all UK stores as it moves online
Specialist wine retailer Majestic Wine could sell all 200 of its UK stores as the business prepares to move its operations online under the Naked Wines brand. The company has reportedly appointed investment bank Rothschild and Co to discuss options on a potential sale. Last month, the company announced its…
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16 AprilClothing & Shoes
Monsoon Accessorize set to close ‘dozens’ of stores
Women’s clothing and accessories retailer Monsoon Accessorize is reportedly preparing to enter a CVA which could see it close dozens of its stores. According to Sky News, the company has appointed Deloitte to draw up a CVA to be launched within the next few weeks. The agreement will allow the…
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12 AprilClothing & Shoes
Bonmarche: Philip Day offer ‘undervalues’ business
Womenswear retailer Bonmarche has said Philip Day’s £5.7m acquisition of the company “materially undervalues” the business and its future prospects. Spectre Holdings, an entity wholly owned by Day, announced the acquisition of more than half of the retailer’s shares on 2 April. He made an offer of 11.445p per share…
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Mar- 2019 -27 MarchLuxury Goods
Majestic Wines to close all stores and rebrand as Naked
Majestic Wines has announced it is to close all 200 of its retail stores as it rebrands as Naked Wines, the online retailer it purchased for £70m from founder Rowan Gormley in 2015. The rebrand will see the company move all of its business online, while it says it will…
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1 MarchClothing & Shoes
LK Bennett could collapse ‘in next few days’
Some 480 jobs may be at risk as high end fashion retailer LK Bennett has appointed audit firm EY as its administrator while the company seeks funding. As reported by Sky News, if the chain doesn’t gain access to investment in the next few days it will be forced into…
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1 MarchSport & Leisure
Lego looks to break China despite cutting 8% of workforce
Lego has announced it is looking to expand into China despite the fact it is set to cut 8% of its global workforce. The company’s Chinese ambitions come following strong financial results for the 2018 financial year, which saw revenue rise by 4% up to £4.1bn during last year with…
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Feb- 2019 -27 FebruaryDIY
Travis Perkins posts strong H2 results during ‘challenging year’
Building supplies retailer Travis Perkins has announced strong financial results for the second half of 2018, despite describing trading conditions as “extremely challenging”. The retailer saw its sales for the period rise by 4.8% to £6.74bn, with its pre-tax profits increasing by 1.2% to £347m. Adjusted opening profit at the…
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Jan- 2019 -11 JanuaryClothing & Shoes
Quiz issues profit warning
Fashion brand Quiz has issued a profit warning despite an 8.4% increase in group revenue in the six-week period from 25 November 2018 to 5 January 2019 against the comparable period last year. This was below anticipated revenues and resulted in a “higher than anticipated” level of discounting to clear…
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