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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Nov- 2023 -10 NovemberNews
Today’s news in brief-10/11/23
The Office for National Statistics (ONS) has reported that the UK GDP showed no growth in Q3 2023, in contrast to a 0.2% increase in the previous quarter. Year-on-year, GDP increased by 0.6% in Q3. The services sector saw a 0.1% fall, offset by a 0.1% increase in construction output…
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2 NovemberNews
Today’s news in brief-2/11/23
Sainsbury’s announced that it expects to hit the upper half of its full year guidance of between £670m and £700m despite seeing its statutory profit before tax drop 27% to £275m for the 28 weeks ended September 16, 2023. The supermarket attributed the fall in profit before tax to non-cash…
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2 NovemberClothing & Shoes
Asos to mothball Lichfield warehouse amid falling profits
Asos is planning to mothball its second UK fulfilment centre in Lichfield next year, as part of efforts to cut costs after the group revealed losses widened in its latest full-year results. In its latest financial results, Asos said that mothballing the site will provide an annual cost saving of…
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2 NovemberClothing & Shoes
Profits and revenues surge at Kurt Geiger
British accessories brand Kurt Geiger has reported a 49% increase in EBITDA to £30m and a 31% increase in revenues to £329.5m for the 12 months ended 28 January 2023. As the brand celebrates its 60th anniversary, it attributed the growth in sales and profits to its continued expansion in…
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Oct- 2023 -3 OctoberPeople Moves
John Lewis’ next chairman could be part-time
John Lewis’ next chairman could reportedly be offered a part-time role following suggestions from Dame Sharon White in order to help attract high-level talent as her successor, according to The Telegraph. It comes as White is expected to step down from her role in early 2025 after she told the…
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2 OctoberNews
Dame Sharon White to step down as John Lewis Chair next year
John Lewis Partnership chair Dame Sharon White is reportedly set to step down from her role next year, according to BBC News. The outlet has reported that White has begun talks with the firm’s board in order to start the search for her successor. She has been in the role…
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Sep- 2023 -14 SeptemberDepartment Stores
John Lewis losses narrow in H1
The John Lewis Partnership has revealed that its losses before tax fell 41% to £59m for the 26 weeks ended 29 July 2023. Alongside this the company’s losses before tax and exceptional items fell 14% to £57.3m down from £66.8m in the same period last year. Sales at the company…
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13 SeptemberClothing & Shoes
Fanatics appoints new commerce CEO
Digital sports platform Fanatics has announced the appointment of Andrew Low Ah Kee as the next chief executive officer of Fanatics Commerce, effective immediately. Low Ah Kee replaces former Fanatics Commerce CEO Doug Mack who announced his retirement last month. Fanatics Commerce is a designer, manufacturer, and seller of licensed…
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Aug- 2023 -11 AugustLuxury Goods
Tapestry acquires Versace owner for $8.5bn
The owner of Coach, Kate Spade and Stuart Weitzman, Tapestry Inc, has announced its acquisition of Capri Holdings, a global luxury fashion group that consists of Versace, Jimmy Choo and Michael Kors for approximately $8.5bn (£6.6bn). This acquisition brings together six “highly complementary” brands with global reach on Tapestry’s customer…
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4 AugustClothing & Shoes
Pentland Brands to axe almost 100 roles
Pentland Brands has announced that it will cut almost 100 jobs at JD Sports, The Times has reported. This comes as the billionaire Rubin family, which owns a majority stake in the sports retailer, has hired consultants from McKinsey to advise on a new strategy for Pentland Brands, which also…
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