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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Apr- 2024 -19 AprilHealth & Beauty
Holland and Barrett invests over £4m in women’s health
Holland and Barrett has announced it will be investing over £4m into its women’s health offer, which will be backed by a new three-year Wellness Commitment. This follows YouGov research from Holland and Barrett which revealed that over a third of women said there is a lack of education or…
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19 AprilLuxury Goods
Mytheresa FY24 guidance ‘at lower end’ despite healthy Q3 sales
Mytheresa has confirmed that its guidance for FY24 to 30 June will be “at the lower end” of its estimated range of 8% to 13%, despite the group expecting Q3 sales to have increased between 15% and 18% year-on-year. Sales are predicted to show growth of between €230m (£197m) and…
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18 AprilNews
Today’s news in brief-18/4/24
Shein is among several retailers expressing interest in acquiring Topshop from Asos, according to reports. Asos has received continuous interest from various high-profile retailers, with Authentic Brands Group also showing interest. The potential sale of Topshop by Asos follows its widening losses and a decline in sales, partly attributed to…
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18 AprilClothing & Shoes
Adidas raises FY profit guidance amid strong Q1
Adidas has upped its profit guidance for the year after it revealed its Q1 profits increased to €336m (£287m), up from €60m (£51m) the previous year. In Q1, the sportswear giant reported currency-neutral revenues increased 8% versus the prior year level. In euro terms, the company’s revenues grew 4% to…
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17 AprilClothing & Shoes
Asos losses widen to £120m in H1 as sales fall 18%
Asos has seen its losses deepen to £120m in the first half of the year, a 32.6% increase compared to the same period last year, as sales fell by 18% to £1.5bn over the period. The dip in sales was attributed to planned discounting to clear old stock, a move…
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16 AprilDepartment Stores
B&M expects profits to hit top end as revenues jump 10%
B&M has forecast its full-year profits to hit the top end of its previous guidance after it revealed a 10% rise in revenues to £5.5bn for the 53 week financial reporting period to 30 March 2024. The group now expects its FY24 group adjusted EBITDA (pre-IFRS 16) to be £629m,…
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15 AprilFeatures
Navigating the tax system: a guide for retailers
Taxes are an inevitable aspect of running a retail business in the UK, shaping financial decisions and operational strategies. Business tax rates, including corporation tax, VAT, and business rates significantly impact the profitability and sustainability of retail businesses. Understanding the nuances of business tax rates is essential for retailers to…
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12 AprilAdvice
Strategies for training and developing shop floor staff
Effective training and development programmes for shop floor employees are essential for ensuring consistent service quality, as they foster employee engagement, and ultimately boost business success. Here are some key strategies to consider when it comes to training and developing your shop floor staff: Comprehensive onboarding The foundation of a…
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Mar- 2024 -28 MarchNews
Today’s news in brief-28/3/24
AO expects to meet profit guidance, anticipating adjusted profit before tax to be at the top end of £28-£33m for the 12 months ending 31 March. Revenues are projected to reach £1.04bn, driven by positive trading in the core business through Q4 and the return of revenue growth for AO.com.…
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28 MarchSport & Leisure
JD Sports maintains guidance amid ‘challenging market’
JD Sports has reaffirmed its profit guidance of between £915m-£935m for the full year despite what it has called a “challenging market”. In Q4 its like-for-like sales were up 0.1% and organic sales were up 4.4% while FY24 LFL sales were up 4.2% and organic sales growth was 8.4%. Overall,…
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