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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Jan- 2024 -19 JanuaryDIY
DFS downgrades sales guidance for FY24
DFS has downgraded its sales guidance for the year, after reporting that gross sales dropped 5.6% year-on-year during the 26 weeks ended 24 December 2023. The sofa retailer has attributed its muted performance to “the record hot weather in September and early October when footfall and demand proved to be…
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18 JanuaryNews
Today’s news in brief-18/1/24
Sainsbury’s general merchandise commercial director, Paula Nickolds, is departing to become CEO of The White Company. During her three-year tenure, she strengthened brands like Argos, Habitat, and Tu. Sainsbury’s also announced a focused restructuring of its Operating Board. Graham Biggart will assume commercial responsibility for General Merchandise and Clothing, with…
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18 JanuaryClothing & Shoes
N Brown Q3 revenues drop 9.3% but guidance remains unchanged
N Brown has revealed that its group revenue dropped 9.3% to £226m for the 18 weeks ended 6 January 2024 compared with the same period last year. Despite this the company reiterated that its full year adjusted EBITDA remained unchanged. However, the 9.3% drop continues a trend of revival for…
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16 JanuaryClothing & Shoes
Hugo Boss sees revenues rise to €1.17bn in Q4
Hugo Boss has reported a 13% increase in currency-adjusted revenues in the fourth quarter to €1.17bn (£1.01bn). It also achieved record sales of €4.1bn (£3.6bn) in fiscal year 2023, up 15%. In the three-month period, currency-adjusted sales for Boss menswear were up 13% year over year to €914m (£787m) ,…
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15 JanuaryFeatures
Which supermarkets performed the best over Christmas?
According to data from Kantar, Britons made 488 million trips to the supermarkets over the Christmas period, marked out as the four weeks ended 24 December. That number is 12 million more than last year and the largest Christmas period since 2019. This was mildly surprising in a year that…
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12 JanuaryNews
Today’s news in brief-12/1/24
Authentic Brands Group has acquired Sperry, a renowned American heritage footwear brand known for its iconic boat shoes with a 90-year heritage. The Aldo Group joins as Sperry’s North American operating partner for wholesale, e-commerce, and store operations. Authentic Brands plans to use its global network and operating partners to…
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12 JanuaryLuxury Goods
Burberry lowers full-year guidance amid luxury demand slowdown
Fashion retailer Burberry has today (12 January) warned that its full-year results will be below its previous guidance after a slowdown in luxury demand. In the 13 weeks to December 30, retail revenue fell 7% to £706m. Comparable store sales fell 4%, with sales in the EMEIA and Americas regions…
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11 JanuaryNews
Today’s news in brief-11/1/24
Marks & Spencer emerged as the top-performing grocer in volume growth during the Christmas period and the quarter. Food sales rose by an impressive 10.5%, with like-for-like sales up 9.9%. Clothing and home sales also experienced growth of 4.8%, attributed partly to reduced promotions. Supply chain improvements contributed to better…
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11 JanuarySupermarkets
Tesco ups guidance as sales jump 6.9%
Tesco has announced that its sales increased 6.9% for the 19 weeks ended 6 January 2024 after stronger than expected volume growth in the period. As a result the company now expects a retail adjusted operating profit of around £2.75bn, above its previous guidance range of £2.6bn to £2.7bn The…
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10 JanuaryNews
Today’s news in brief-10/1/24
Sainsbury’s reported a 6.5% increase in retail sales for the 16 weeks ending January 6, 2024. Grocery sales rose by 9.3%, with Christmas grocery sales up 8.6%. General merchandise sales dropped 0.6%, but excluding the impact of Argos’ closure in Ireland, they increased by 1.5%. The company reiterated its full-year…
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