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 -1 AugustNews
Adidas revenues jump 11% in Q2
Adidas’ currency-neutral revenues increased 11% in the second quarter of 2024, driven by the “strong momentum of the underlying business”. In euro terms, revenues grew 9% to €5.8bn (£4.8bn). Operating profit amounted to €346m (£292m), reflecting an operating margin of 5.9%. Footwear revenues in Q2 increased 17%, driven by the…
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1 AugustNews
Pets at Home Q1 revenue up 1%
Pets at Home has announced that its total group revenue rose 1% up to £441.1m for the 16 weeks ended 18 July 2024, compared with the same period last year. Alongside this, its consumer revenue rose 1.5% to £576.6m supported by growing average customer spend and growth in active Pets…
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Jul- 2024 -30 JulySupermarkets
Ocado to extend debt maturity by raising £600m in bonds
Ocado has extended the maturity of its debt by raising £600m in bonds which are due for repayment in 2029, an announcement on the London Stock Exchange has revealed, in a bid to refinance a tender offer of existing bonds due in earlier years. It comes as the group launched…
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18 JulyDepartment Stores
Frasers Group hits top end of FY24 guidance
Frasers Group has reported that its adjusted profits-before-tax rose 13.1% to £544.8m for the year ended 28 April, hitting the top-end of its previous guidance range. This comes despite retail revenues falling by more than £100m to £5.3bn, with overall revenues declining by 0.9% to £5.5bn. However, the group managed…
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17 JulyClothing & Shoes
Adidas raises FY guidance following ‘better-than expected’ trading
Adidas has raised its full-year guidance following “better-than-expected” performance during the second quarter of the year. Preliminary results show that the sportswear brand operating profit in Q2 increased to €346m (£290m), up from €176m (147m) in 2023, including a contribution of around €50m (£41m) from the sale of parts of…
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15 JulyNews
Today’s news in brief-15/7/24
Luxury fashion brand Burberry has ousted CEO Jonathan Akeroyd following a sharp decline in sales during its first quarter. Sales plummeted by 21%, amounting to £458m, with the Americas and Asia Pacific regions experiencing a 23% drop, and Europe, the Middle East, India, and Africa (EMEIA) reporting a 16% fall.…
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15 JulyHealth & Beauty
Sephora to open at Birmingham’s Bullring centre
Sephora UK is continuing its retail expansion across the UK with the announcement of a new store at Hammerson’s destination in Birmingham city centre Bullring later this year. The success of the beauty retailer is largely due to the brand’s commitment to retail innovation by creating “unique and diverse” retail…
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15 JulyClothing & Shoes
Uniqlo owner ups FY guidance as revenues jump 10%
Fast Retailing, owner of Uniqlo and Theory, has upped its full-year operating profit estimate by 24.6% to ¥475bn (£2.3bn). In the nine months to 31 May, the company’s revenue increased by 10.4% year-on-year to ¥2.3trillion (£11bn), while operating profit rose 21.5% to ¥401.8bn (£1.9bn). In Japan, in the three months…
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9 JulySponsored Articles
E-commerce Outsourcing India: Cynergy BPO – The Impact of VR on CX and the UK’s Retail Industry
Virtual reality is no longer a futuristic concept; it is a present-day reality reshaping how consumers interact with online retailers. By creating immersive, interactive shopping environments, VR offers an unprecedented level of engagement and convenience. This technological leap is particularly significant in sectors like fashion, furniture, and home appliances, where…
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Jun- 2024 -27 JuneLuxury Goods
Watches of Switzerland EBITDA falls 11% amid 2% rise in group revenues
Watches of Switzerland has reported a 11% decline in adjusted EBITDA amid a 2% rise in group revenues to £1.5bn at constant currency for the 52 weeks ended 28 April 2024. Its US sales increased 11% to £692m, while its UK and Europe sales dipped by 5% to £846m, impacted…
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