Guidance
This coverage focuses on trading guidance, financial outlooks, and performance updates issued by UK retail businesses. Retail Sector reports on company forecasts, profit warnings, earnings revisions, and strategic updates that shape investor sentiment and corporate planning across the retail industry. Coverage includes analysis of market reactions, executive commentary, and sector-wide trends influencing guidance from leading retailers. For retail professionals, this category provides critical insights into financial health, market expectations, and business confidence driving decision-making within the UK retail economy.
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Feb- 2025 -24 FebruaryNews-In-Brief
Today’s news in brief-24/2/25
Shein, the global online fashion retailer, saw its profits plummet by 40% to $1bn in 2024. The company faced a challenging final quarter and intensified competition from rival Temu. Shein’s declining profitability complicates its efforts to secure regulatory approval for a London listing, with some investors urging a valuation reduction…
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24 FebruaryOnline & Digital
Shein profits falter ahead of planned London IPO
Shein’s profits reportedly dropped by 40% to $1bn (£791m) in 2024 as the online retailer suffered a difficult final quarter and battled competition from rival Temu, According to the Financial Times According to two people who spoke to the paper, sales for the full year increased by 19% to $38bn…
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24 FebruaryPeople Moves
B&M CEO to retire as group lowers FY guidance
B&M has revealed that chief executive Alex Russo will retire on 30 April, as the group announced it has lowered its profit guidance for FY25 once again to a range of £605m to £625m. The group said the lowered guidance reflects the “current trading performance of the business, an uncertain…
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21 FebruaryClothing & Shoes
Birkenstock revenues surge 19% in Q1 FY25
Birkestock has reported a 19% surge in revenues to €362m (£299m) for the first quarter ended 31 December 2024. The group’s adjusted EBITDA also increased 25% to €102m (£84m), while net profit hit €20m (£16m), up from a net loss of €7m (£5.79m) the previous year. The group attributed this…
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19 FebruaryNews
ProCook to open new store in Centre:mk
ProCook has announced that it will open a new store in Milton Keynes’ Centre:mk on 21 February. Set to open in Silbury Arcade, the new 2,760 sq ft store will offer an extensive range of cookware, tableware and kitchen accessories. The launch will allow customers to browse the brand’s selection…
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17 FebruaryClothing & Shoes
Crocs FY revenues jump 3.5% to $4.1bn
Global footwear brand Crocs has reported record revenues of $4.1bn (£3.2bn), an increase of 3.5%, during the year ended 31 December 2024. The performance was aided by a strong fourth quarter which saw consolidated revenues of $990m (£786m), an increase of 3.1%, or 3.8% on a constant currency basis. Direct-to-consumer…
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14 FebruaryPeople Moves
Space NK founder joins Philip Kingsley as non-exec director
Global hair care brand Philip Kingsley has announced the appointment of Space NK founder, Nicky Kinnaird MBE, to the board as non-executive director effective immediately. Kinnaird, who opened her first beauty retail store in 1993, is a well known entrepreneur who has grown Space NK to over 80 locations across…
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7 FebruaryLuxury Goods
Watches of Switzerland ‘on track’ amid strong festive performance
Watches of Switzerland has announced it remains “on track” to hit its FY25 targets, as its Q3 performance was in line with its expectations, with “good trading” in the UK and US during the holiday period. For the 13 weeks to 26 January 2025, Watches of Switzerland has seen further…
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Jan- 2025 -28 JanuaryNews-In-Brief
Today’s news in brief-28/1/25
HMV owner Doug Putman is reportedly exploring a bid for WH Smith’s high street arm after the retailer announced plans to sell its 500-store chain. Modella Capital, owner of Hobbycraft, is also in talks regarding a potential acquisition, although the outcome remains unclear. WH Smith’s move comes as its high…
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28 JanuaryDIY
Wickes ups guidance as revenues jump 3% in H2
Wickes has upgraded its profit guidance to be towards the upper end of the £39.7-£44.0m consensus forecast range following a 3% increase in retail revenues to £579.1m in the second half of 2024. The group said that retail sales delivered “good” growth in H2, with particularly strong performance in interior…
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