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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May- 2024 -2 MayNews
Today’s news in brief-2/5/24
Total supermarket sales growth in the UK slowed to 3.4% in the four weeks ending April 20, down from the previous month’s 5.4%, as per NIQ data. This decline is attributed to easing inflation, an earlier Easter, and decreased general merchandise sales. Despite lower food inflation, food prices remained high…
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2 MayHigh Street
Pandora raises revenue guidance amid 18% organic growth
Pandora has raised its revenue guidance to “8-10%”, up from 6-9%, following 18% organic growth in Q1 2024 with like-for-like (LFL) growth of 11% and network expansion of 5%. The group stated that continued momentum, helped by the early restaging of the brand and increased investments are elevating brand desirability…
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1 MayHigh Street
Iolla unveils JV partnership opportunities across the UK
Scottish eyewear brand, IOLLA, has today (1 May) announced the launch of a joint venture partnership model as part of its business growth strategy to scale the independent brand nationwide. This comes as the company’s online platform, which ships to over 40 countries, has been the target of investment, which…
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1 MayDepartment Stores
Next maintains FY guidance amid strong Q1 sales
Next has maintained its full-year guidance after the group welcomed strong trading in the first quarter of the year. In the 13 weeks to 27 April, total sales rose by 5.7% against the prior year, slightly ahead of its guidance for this period, where sales were forecast to rise by 5%.…
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1 MayClothing & Shoes
Adidas raises profit guidance amid ‘strong’ Q1 results
Adidas has raised its profit guidance from €500m (£426.8m) to €700m (£597.6m) following a “better-than-expected” performance in the first quarter 2024. The group reported an operating profit of €336m (£286.8m) compared with €60m (£51.2m) in the prior-year period, reflecting an operating margin of 6.2% (2023: 1.1%). In the first quarter…
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1 MayDIY
Wickes maintains FY outlook despite LFL sales decline
Wickes has maintained its full-year profit guidance, despite overall like-for-like sales for the first 16 weeks to 20 April falling by 4.2% against the same period last year. While it said the trading environment remains uncertain, the group expects its “solid” start to the year within its retail offering to…
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Apr- 2024 -26 AprilLuxury Goods
Burberry faces takeover threat after share drop
Burberry is at risk of takeover after losing a fifth of its value since the start of the year, The Telegraph has reported. A profit warning from rival luxury brand Kering, which owns Gucci, Bottega Veneta and YSL among others, triggered a dip in Burberry shares on Wednesday (24 April).…
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22 AprilNews
Today’s news in brief-22/4/24
Investors from the Middle East and China are eyeing Selfridges following Signa’s financial struggles, leading to restructuring and insolvency. Central Group, a co-owner, is seeking to buy out Signa’s stake, with potential partnerships being explored with sovereign wealth funds and tycoons. Notable entities like Saudi Arabia’s Public Investment Fund and…
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22 AprilOnline & Digital
Ocado shareholders call for switch to New York stock market
Ocado is reportedly facing pressure from shareholders to abandon the London stock exchange in favour of the New York market, according to The Telegraph. The outlet said that in recent weeks investors including a fund manager, have told management they would like to see the possibility of a listing in…
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19 AprilNews
Today’s news in brief-19/4/24
Wilko, the retailer that faced collapse last September, is back with a revamped click and collect service. After successful trials in Exeter, Luton, and Plymouth, the company is reintroducing its free click and collect option. Customers can now access this service from reopened stores and over 200 collection points through…
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