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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Aug- 2023 -3 AugustDIY
ScS full-year profits to meet market expectations
ScS has said it expects to report that full year profits will be in line with market expectations, as the group’s cash position stands at £69.5m with no debt for the year ended 29 July. This comes as the group achieved strong like-for-like order growth of 6% from weeks 34…
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Jul- 2023 -27 JulyNews
Westfield sees 8.2% rental income growth in H1
Unibail-Rodamco-Westfield has reported a net rental income of €1,152m (£987m), an 8.2% like-for-like increase, during H1 2023. Shopping centres accounted for the majority of the rental income with €1,059m (£907m), which represents an 8.5% like-for-like growth. Offices and other net rental income accounted for €41m (£35m), up 17.1% on a…
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24 JulyHealth & Beauty
Revolution Beauty faces FCA probe over market abuse
Revolution Beauty has revealed that the Financial Conduct Authority (FCA) has launched an investigation into the retailer over potential breaches of market abuse regulation. The investigation will examine potential breaches that occurred between July 2021 and September 2022. Revolution Beauty said in a statement: “The Financial Conduct Authority has today…
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18 JulyHealth & Beauty
Revolution Beauty CEO and chair step down amid Boohoo settlement deal
Boohoo and Revolution Beauty have brought an end to their ongoing feud with the signing of a settlement agreement that will see major board changes at the beauty retailer. As part of the agreement, CEO Bob Holt OBE and chairman Derek Zissman agreed to resign from Revolution’s board, although Holt…
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10 JulyClothing & Shoes
Boohoo to contact market regulator amid ongoing Revolution battle
Boohoo is reportedly drafting a letter to the junior stock market regulator over plans to requisition an upcoming Revolution Beauty EGM amid the escalating row between the two companies. According to Sky News, the retailer will contact AIM regulatory authorities to demand that Revolution clarifies an earlier stock exchange announcement…
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Jun- 2023 -30 JuneHealth & Beauty
Revolution Beauty defends AGM actions as Boohoo dispute continues
Revolution Beauty has defended its actions at its AGM earlier this week, including the firing and rehiring of three top executives, after Boohoo criticised the move. Revolution said it received “very positive reaction from all stakeholders” following its actions, adding that the move was “firmly validated” from the stock market…
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29 JuneShopping Centres
B&M revenues grow 13.5% in Q1
B&M has announced a “strong and profitable” trading momentum across the whole business over the 13-week period from 26 March to 24 June, as total group revenues grew 13.5% in line with expectations. The group also achieved like-for-like sales growth of 9.2% in Q1, with both grocery and general merchandise…
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28 JuneHealth & Beauty
Boohoo airs ‘serious concerns’ over Revolution Beauty board changes
Boohoo has raised “serious concerns” about the conduct of the Revolution Beauty board after the company fired and rehired its directors at its AGM. Revolution chief executive Bob Holt, finance boss Elizabeth Lake, and chairman Derek Zissman were all voted out of their positions with a nearly 75% majority for…
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May- 2023 -24 MayClothing & Shoes
VF Corp FY revenues dip as Vans sales fall
VF Corp, the owner of brands such as Vans, The North Face and Timberland, has seen its revenues dip by 2% to $11.6bn (£9.4bn) in FY23 amid a “challenging” consumer environment. North Face performed better than expected however, with sales up by 11% to $3.6bn (£2.9bn) in the full-year period.…
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11 MayNews
Adidas revenues remain flat in Q1
Apparel company Adidas reported flat currency-neutral revenues in Q1 compared to the same period last year. Currency-neutral sales in North America declined 20% to €1.1bn (£959m) during the quarter as the region is particularly affected by the discontinuation of the Yeezy business. Instead, sales in EMEA grew 4% to €1.9bn…
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