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.
-
Nov- 2023 -7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
Read More » -
7 NovemberOnline & Digital
Naked Wines slashes full-year guidance as CEO exits
Naked Wines has lowered its full-year guidance amid a period of difficult trading, alongside news that CEO Nick Devlin is stepping down from his role with immediate effect. With recent trading in the US being lower than expected, the group now expects full-year revenues to fall by 12% to 16%,…
Read More » -
3 NovemberNews
Today’s news in brief-3/11/23
In October, footfall in the UK dropped by 5.7% year-on-year, with high streets experiencing a 4.6% decrease, compared to a -1.7% in September. Retail parks and shopping centres also saw declines of 4.3% and 7.3% respectively. England had the smallest drop at 5.3%, followed by Scotland at 1.4%, Wales at…
Read More » -
3 NovemberDIY
Wickes maintains FY guidance as it increases market share
Wickes has said it is on track to meet its FY guidance, expecting an adjusted pre-tax profit of £45.3m to £49m for FY24, as its market share grew and like-for-like sales inched up 1.1% in Q3. This is despite a 0.2% decline that was attributed to negative 4.4% growth in…
Read More » -
2 NovemberNews
Today’s news in brief-2/11/23
Sainsbury’s announced that it expects to hit the upper half of its full year guidance of between £670m and £700m despite seeing its statutory profit before tax drop 27% to £275m for the 28 weeks ended September 16, 2023. The supermarket attributed the fall in profit before tax to non-cash…
Read More » -
2 NovemberSupermarkets
Sainsbury’s set to hit upper half of guidance despite PBT drop
Sainsbury’s has announced that it expects to hit the upper half of its full year guidance of between £670m and £700m despite seeing its statutory profit before tax drop 27% to £275m for the 28 weeks ended 16 September 2023. The supermarket put the fall in profit before tax down…
Read More » -
2 NovemberLuxury Goods
Zalando EBIT up 72% despite falling Q3 revenues
Zalando has reported that its EBIT increased 72% to €23.2m (£20.2m) during Q3, despite revenues and gross merchandise volumes falling by 3.2% and 2.4% respectively. The online fashion retailer managed to improve its EBIT during the quarter through reduced logistics costs, but revenues did not materialise amid low consumer sentiment…
Read More » -
2 NovemberAdvice
A guide to in-store personal shopping experiences
Define your target audience and goals Begin by identifying the target audience for your personal shopping programme. Set clear objectives for the programme, whether it’s to increase sales, build brand loyalty, or introduce customers to new products. Train your personal shoppers Invest in training for your personal shopping team, teaching…
Read More » -
1 NovemberNews
Today’s news in brief-1/11/23
Asda has successfully finalised its acquisition of EG Group’s UK business, a deal valued at a substantial £2bn. This strategic move allows Asda to take ownership of EG Group’s UK&I operations, which encompass fuel, foodservice, grocery, and merchandise businesses. Notably, EG Group has clarified that it will retain operations in…
Read More » -
1 NovemberClothing & Shoes
Next lifts FY profit guidance despite autumn sales drop
Next has raised its full-year profit guidance for the fourth time this year, despite weekly sales falling by 7% in September due to the unusually warm weather. However, the retailer’s recent Q3 results showed that sales bounced back once colder weather came in last month, increasing by 16% and 11%…
Read More »
