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.
-
Feb- 2024 -8 FebruaryNews
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who had previously served as chief product officer at Deliveroo and co-founded Maple, brought valuable experience to the company. Farfetch’s decision to remain silent on shareholder concerns hinted at ongoing turbulence.…
Read More » -
8 FebruaryLuxury Goods
Watches of Switzerland sees Q3 revenues drop 1%
Watches of Switzerland has announced that its revenues fell 1% on a constant currency basis £397m, down from £407m, for the 13 weeks ended 28 January 2024. The company stated that trading in the run-up to and beyond Christmas was tougher than originally expected, particularly in the UK amidst slower…
Read More » -
8 FebruaryClothing & Shoes
VF Corporation CFO steps down as group revenues drop to $2.96bn
VF Corporation, owner of Vans, The North Face and Timberland brands, has reported a 16% year-on-year decline in revenues to $2.96bn (£2.34bn) for the 12 weeks ended 30 December 2023 and has announced the exit of CFO Matt Puckett after almost nine years. Puckett will stay on until the group…
Read More » -
8 FebruaryHealth & Beauty
Revolution Beauty eyes £1bn sales target amid turnaround strategy
Revolution Beauty has unveiled a new turnaround strategy amid plans to target sales of £1bn by 2030. The group said its ‘Reigniting the Revolution’ strategy will aim to deliver “long-term profitable growth in an attractive global beauty market, where Revolution Beauty has significant headroom to expand”. The plan is based…
Read More » -
2 FebruaryClothing & Shoes
Adidas to sell remaining Yeezy stock
Adidas has reported an operating profit of €268m (£229m) in 2023, compared with its previous guidance of a €100m (£85m) loss, which was driven by a better-than-expected operational business in Q4 and the company’s decision not to write off the vast majority of its existing Yeezy inventory. The 2023 operating…
Read More » -
Jan- 2024 -30 JanuaryNews
Today’s news in brief- 30/1/24
Online marketplace Secret Sales has appointed Anthony Farrow as its new Chief Technology Officer. Farrow, with 23 years of experience working with global fashion brands, will focus on advancing AI and emerging technologies to enhance the platform’s efficiency. His role involves implementing serverless architecture, refining search capabilities, and integrating AI-driven…
Read More » -
30 JanuaryHigh Street
Pets at Home lowers guidance despite Q3 revenue jump
Pets at Home has lowered its underlying profit before tax guidance to around £132m despite the fact its group revenue rose to £362.4m for the 12 weeks ended 4 January 2024, a 4.2% increase on last year. The pet retailer also revealed its consumer revenue rose 6.0% last year and…
Read More » -
25 JanuaryNews
Today’s news in brief-25/1/24
Halfords reported that its Q3 total revenues were up 1.6%, with a 2.0% increase on a like-for-like basis. However, December sales were weaker than expected due to mild and wet weather impacting demand for winter products and footfall in stores. While October and November showed strong sales, the weaker December…
Read More » -
25 JanuarySport & Leisure
Halfords maintains FY guidance despite weak December sales
Halfords has maintained its full-year guidance despite December sales being “much weaker” than expected. In its third quarter, total revenues were up by 1.6%, and 2.0% on a like-for-like basis. According to the group, stronger sales in Motoring and needs-based categories were partly offset by weaker spend in discretionary areas…
Read More » -
19 JanuaryNews
Today’s news in brief-19/1/24
In December 2023, the Office for National Statistics (ONS) reported a significant 3.2% drop in retail sales volumes in the UK. This decline marked the most substantial monthly decrease since January 2021, following a modest 1.4% increase in November 2023. On an annual basis, sales volumes in 2023 fell by…
Read More »
