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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Aug- 2024 -30 AugustClothing & Shoes
Birkenstock misses Q3 profit estimates
Birkenstock has missed its quarterly profit estimates as its gross profit margin dropped 220 basis points to 59.5% during the third quarter which ended 30 June. The group reached an adjusted EBITDA of €186m (£156m), up 15% year-over-year. However, adjusted EBITDA margin was 33%, down 140 basis points from 34.4%…
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28 AugustNews
Today’s news in brief-28/8/24
Authentic Brands Group has partnered with United Legwear and Apparel Co (ULAC) to manage Ted Baker’s e-commerce operations in the UK and Europe. ULAC will handle online sales starting this fall, aiming to enhance the brand’s digital presence alongside its physical retail strategy. This move follows the closure of Ted…
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28 AugustLuxury Goods
Naked Wines appoints new CFO as losses widen
Naked Wines has appointed Dominic Neary as its new CFO after it posted a loss before tax of £16.3m for the year ended 1 April 2024, up from £15m in the same period last year. Alongside this, the company posted an adjusted EBIT of £5m, down from £14.9m in the…
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22 AugustClothing & Shoes
TK Maxx owner ups FY profit guidance
TK Maxx owner, TJX Companies, has revealed it has upped its FY profit guidance after its comparable store sales increased 4% during the second quarter of the year. It reported net sales for the second quarter of $13.5bn (£10.2bn), an increase of 6% versus the second quarter of Fiscal 2024.…
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22 AugustClothing & Shoes
JD Sports sales rise 2.4% in Q2 amid global expansion
JD Sports has welcomed a strong second quarter of trading, with like-for-like sales up by 2.4%, as organic sales grew by 8.3%. The quarter-on-quarter trading improvement was largely driven by the strength of its multi-brand operating model, according to the group, as well as softer comparatives with the previous year. Regionally,…
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13 AugustLuxury Goods
Pandora reports 15% organic growth in Q2 2024
Pandora has reported a 15% increase in Q2 2024 organic growth to DKK 6.77bn (£744m), comprising Like-for-like (LFL) growth of 8%, network expansion of 6% and 1% phasing of sell-in to partners and other. The group’s operating profit (EBIT) also increased from DKK 1.18bn (£134.9m) to DKK 1.33bn (£152m). However…
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13 AugustPeople Moves
Frasers Group non-exec director steps down
Frasers Group has announced that non-executive director David Brayshaw has retired from its board, effective from yesterday (12 August). Brayshaw was with the company for almost eight years. He has over 30 years’ of experience as a senior investment and commercial banker. David Daly, chair, said: “With over 30 years’ of…
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6 AugustNews
Today’s news in brief-6/8/24
UK retail sales saw a slight uptick of 0.5% year-on-year in July, driven by improved performance in food sales and summer clothing purchases amidst favourable weather. However, non-food sales declined by 1.7% over the same period, with in-store sales particularly affected, reflecting ongoing shifts in consumer spending habits. The online…
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6 AugustClothing & Shoes
Zalando sales rise 3.4% in Q2 amid sports division boost
Zalando has welcomed a strong second quarter of trading that was boosted by a rising demand in sportswear, as revenues rose by 3.4% to €2.6bn (£2.2bn) against the prior year.Gross merchandise volume (GMV) rose by 2.8% to €3.8bn (£3.26bn) and adjusted EBIT rose to €171.6m (£147m) in the second quarter,…
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1 AugustDepartment Stores
Next ups FY profit guidance amid strong summer sales
Next has raised its full-year profit guidance by £20m following a period of strong trading over the summer, as sales exceeded expectations despite the drearier weather. In the second quarter of the year, full price sales were up by 3.2%, exceeding its expectations by £42m. It had initially expected Q2…
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