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- 2018 -16 MayHigh Street
Arcadia’s profits plummet by 42%
Arcadia Group’s parent company Taveta Investments has reported a 42% drop in the company’s profit for the year to 26 August 2017. The group – which owns high street chains Topshop, Dorothy Perkins and Miss Selfridge – made £124.1m in profits before goodwill, amortisation and exceptional items. Total sales fell…
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10 MayDepartment Stores
House of Fraser £43.9m loss revealed in new document
A document released by House of Fraser’s new owner C.Banner has revealed that the department store suffered a £43.9m loss in 2017. The slump was attributed to Brexit, London’s terrorist attacks and the ‘rapidly evolving’ retail market. The document was submitted to the Hong Kong Stock Exchange, where C.Banner announced…
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Apr- 2018 -30 AprilSupermarkets
Sainsbury’s and Asda £13bn merger to leapfrog Tesco
Supermarket giant Asda has agreed to a proposed merger with Sainsbury’s, worth £13bn. Sainsbury’s CEO Mike Coupe said no stores will be closed and no shop floor jobs will be lost as a result of the merger. He added: “It will enable us to bring prices down, to improve quality,…
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26 AprilClothing & Shoes
N Brown Group posts revenues of £922m
Fashion retail group N Brown’s latest financial results show group revenue reached £922m for the full year, up 3.9% from the previous year. For the 52 weeks to 3 March the group’s boost in revenue was driven by strong performances from its three key brands, with a 16.9% increase in…
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Jan- 2018 -19 JanuaryHigh Street
Poundland owner Steinhoff plea for £176m life raft
The owner of Poundland, Steinhoff, has begun contacting potential lenders in search of €200m (£176m) in “interim liquidity support” to avoid going into administration. The company was at the centre of an accounting scandal towards the end of last year, and talks include a request for a temporary waiver on…
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11 JanuaryDepartment Stores
John Lewis issues profit warning despite ‘most successful trading day ever’
The John Lewis Partnership has reported an increase in sales for the six-week period ending December 30, but a competitive Christmas season characterised by heavy discounting across the retail industry will hit profits, it said today. Group sales were (which include John Lewis and Waitrose) were up 2.5% year-on-year, totalling…
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