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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Oct- 2024 -3 OctoberShopping Centres
British Land acquires seven retail parks for £441m
British Land has acquired a portfolio of seven retail parks for £441m, as well as announced a proposed equity placing of approximately £300m – by way of an accelerated bookbuild offering to fund this acquisition. The rest of the asking price will be financed from existing cash and in place…
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3 OctoberSupermarkets
Tesco ups FY guidance as sales and profits rise in H1
Tesco has upped its full-year guidance after a period of “strong momentum” and rising profits in its half-year results, with the supermarket’s boss noting the business is “in good shape”. Over the period, retail operating profits rose by 10% to £1.56bn, while statutory operating profits were up by 13% to £1.6bn. …
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2 OctoberNews-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
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2 OctoberHigh Street
JD Sports profits drop 64.3% in H1 despite record sales of £5bn
JD Sports has reported that its profit before tax fell by 64.3% to £126m during the 26 weeks to 3 August, despite revenues rising 5.2% to a record £5bn in the period. The group’s rise in revenues was partially bolstered by £61m from 10 days of trading from Hibbett, following…
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2 OctoberClothing & Shoes
Nike withdraws FY guidance amid falling Q1 sales
Nike has withdrawn its full-year guidance after first quarter sales plunged, and ahead of Elliot Hill becoming president and CEO of the group later this month. The company also cancelled an investor day that was set to take place next month. It comes as first quarter revenue fell by 10% to…
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1 OctoberNews
Ebay UK scraps selling fees for private sellers
Ebay UK has announced that it has removed fees for private sellers across all categories, except motors. This move means that private sellers will no longer pay final value fees or regulatory operating fees when they sell on Ebay. Ebay UK introduced free selling in fashion earlier this year and…
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1 OctoberHigh Street
Greggs sales rise 10.6% in Q3
Greggs has reported “good” like-for-like sales growth over the Q3 ended 28 September, as total sales rose 10.6% and like-for-like sales in company-managed shops rose by 5% against the same period last year. According to the high street bakery chain, September proved to be the strongest month of the quarter,…
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Sep- 2024 -26 SeptemberHigh Street
Poundland owner sales fall amid supply chain disruptions
Poundland owner Pepco Group has reported that like-for-like revenues fell 3.1% during the fourth quarter, as a result of ongoing supply chain disruptions affecting the “consistent and timely” availability of stock in stores. This comes despite Pepco’s group revenues for the 51 weeks to 22 September rising 10% on a…
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20 SeptemberDepartment Stores
Next warns of store closures if equal pay appeal fails
Next has warned that store closures may be necessary if its appeal against a recent equal pay ruling fails. Last month, more than 3,500 current and former Next employees won a six-year legal fight for equal pay, with the total amount payable by the retailer estimated to be over £30m. An…
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19 SeptemberHigh Street
Next acquires 16% stake in homeware brand Rockett St George
Next has acquired a 16% stake in homeware brand Rockett St George, further furthering the partnership following the licensing agreement between the two brands. Rockett said the strategic decision represents a “pivotal moment” in the growth of their partnership and will see Next having a director on the Rockett St…
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