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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Oct- 2018 -15 OctoberClothing & Shoes
Superdry issues profit warning amid ‘unseasonably hot weather’ affecting sales
Superdry has issued a profit warning after it said “unseasonably hot weather” had impacted its autumn and winter sales. The fashion retailer said it estimated profits to come in £10m lower than previously expected due to the warmer weather in the UK, continental Europe and the east coast of the…
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10 OctoberHigh Street
Wilko suffers £65m loss
Homeware retailer Wilko has posted a profit before tax loss of £65m in its latest financial results to the year ending 3 February 2018. The company said during the past year it had invested in excess of £60m in the business to capitalise on future growth. Wilko’s operating profit was…
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Sep- 2018 -21 SeptemberClothing & Shoes
Moss Bros’ revenue drops as hot weather and World Cup ‘distraction’ affects sales
Menswear retailer Moss Bros has reported a drop in revenue and sales in its half year financial results, covering the period from 28 January 2018 to 28 July 2018. The retailer’s total group revenue, excluding VAT, was down by 3.3% and fell to to £64.5m compared with the previous year.…
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14 SeptemberSupermarkets
Co-op reports strong H1 sales growth thanks to Nisa acquisition
Sales for supermarket group Co-op increased by 10% to £5bn for its half-year financial results, driven by a strong food sales performance and the acquisition of wholesales grocer Nisa. Food retail like-for-like sales increased by 4.4% and group profit before tax increased to £26m, compared with £14m the previous year.…
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11 SeptemberDepartment Stores
Debenhams releases statement amid closure rumours to calm investors
Debenhams has released an official statement in response to rumours it was preparing to shutter stores and enter a CVA following the reported appointment of advisory firm KPMG. The department store said “following recent media speculation” it would issue its preliminary results on 25 October 2018 saying it expected a…
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Jul- 2018 -16 JulyDepartment Stores
Debenhams denies cash problems as insurers withdraw cover
Debenhams has disputed claims that it is facing a cash problem amid reports that its credit insurers have reduced cover for its suppliers. According to a report by The Sunday Times, insurers Euler Hermes, Coface and Atradius have all reduced cover for new supplier contracts. Suppliers typically use credit insurance…
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10 JulyOnline & Digital
Ocado reports £9m half-year loss amid heavy investment
British online supermarket, Ocado, has reported a £9m loss in its half-year financial results amid a period of heavy investment. For the six months ending 3 June 2018 the retailer made £9m loss, but total revenue increased by 12.1% year-on-year from £713.8m to £799.9m. The grocer says losses were due…
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Jun- 2018 -29 JuneDIY
Homebase to axe 303 head office jobs
Embattled DIY retailer Homebase will restructure operations at its store support centre in Milton Keynes, resulting in the loss of around 303 head office roles, it has announced. The support centre had served both Homebase and Bunnings brands prior to the recent sale of the business. (will link to coverage)…
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12 JuneClothing & Shoes
New Look reports operating loss of £74.3m
New Look has reported an underlying operating loss of £74.3m in its latest financial results for the year to 24 March 2018. The embattled retailer had previously reported a 7.3% drop in revenue to £1.35bn for the year to 24 March 2018. In addition, the retailer decreased its UK like-for-like…
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May- 2018 -25 MayDIY
Homebase sold for £1 putting 11,000 jobs at risk
Australian retail group Wesfarmers has sold Homebase to HMV owner Hilco Capital for a token £1. Hilco specialises in restructuring and refinancing other companies and will acquire all Homebase assets, including the brand, its store network, freehold property, property leases and inventory for the nominal amount. Homebase was acquired by…
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