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 -10 JanuaryTechnology
Marks Electrical reduces profit guidance despite rise in sales
Marks Electrical has reduced its full-year profit guidance despite reporting a 22% increase in revenues to £88.9m for the nine months to December 23 and a 17.8% increase in revenues to £35.1m for the three months to December 23. The news comes as “consumers remain highly price-conscious in a challenging…
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9 JanuaryNews
B&M sales rise 5% to £1.6bn in Q3
B&M has reported that year-on-year revenues rose by 5% to £1.6bn in Q3 2024. In the 14-week period to 30 December 2023, B&M UK like-for-like revenue growth was 1.2%, driven by “positive transaction numbers”. Meanwhile, Q3 YTD increased 8.1% YoY to £4.1bn. During the period B&M UK revenue increased 3.7%…
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6 JanuaryAdvice
Managing retail cash flow and finances: A comprehensive guide for retailers
Create a detailed budget – The foundation of sound financial management is a well-crafted budget. Develop a comprehensive budget that outlines your projected income, expenses, and profits. Regularly review and update this budget to reflect changes in your business operations. Manage inventory effectively – Excessive inventory ties up cash and…
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5 JanuaryNews
Today’s news in brief-5/1/24
Asda and Usdaw have signed a collective bargaining agreement, enabling the union to represent hourly-paid employees in convenience stores and Leon restaurants acquired from EG Group. Usdaw will negotiate on pay, hours, and holidays annually for employees across 356 convenience stores and 77 Leon restaurant sites. Asda’s Chief People and…
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5 JanuaryClothing & Shoes
Next boss warns of stock delays due to Red Sea attacks
Next chief executive Lord Simon Wolfson has warned of stock delays as a result of the attacks on cargo ships in the Red Sea. Wolfson told The Guardian that while the current situation is a “minor inconvenience” it could become a major problem this year if it continues. Attacks from…
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4 JanuaryNews
Today’s news in brief-4/1/24
UK retail footfall rose by 6.1% in December driven by a festive shopping surge. Shopping centres led with an 11.1% increase, followed by retail parks (5.9%) and high streets (3.7%). Compared to 2022, footfall edged up by 0.2%, primarily in high streets (+1.2%). However, shopping centres saw a decline of…
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4 JanuarySport & Leisure
JD Sports lowers guidance after underwhelming Christmas sales
JD Sports has lowered its full year profit guidance to between £915m – £935m, down from its ambitious £1bn target after seeing lower than expected revenue growth over the festive period. The company saw a constant currency organic revenue growth of 6.0% with like-for-like growth of 1.8% for the 22…
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4 JanuaryOnline & Digital
Next ups guidance after Christmas trading boost
Next has raised its full-year guidance for the fifth time in eight months, after a period of strong trading over the golden quarter. In the nine weeks to 30 December, sales rose by 5.7% against last year, £38m ahead of its previous guidance of 2% for the period. In light…
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Dec- 2023 -28 DecemberAdvice
Virtual Shopping Assistants in Retail: A Comprehensive Guide
Virtual Shopping Assistants (VSAs) are revolutionising the retail industry by providing personalised, convenient, and immersive shopping experiences. As retailers increasingly adopt this technology, understanding how to leverage virtual shopping assistants effectively is essential. In this comprehensive guide, we’ll explore what VSAs are, why they matter, and how to implement them…
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27 DecemberAdvice
The Retailer’s Guide to Virtual Reality Shopping Experiences
The retail landscape is evolving rapidly, and one of the most exciting developments is the integration of virtual reality (VR) into the shopping experience. Virtual reality shopping offers a new dimension for both retailers and customers, providing immersive, interactive, and highly engaging experiences. In this guide, we’ll explore how retailers…
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