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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Nov- 2023 -1 NovemberOnline & Digital
Asos posts £296.7m loss before tax in FY23
Asos has announced a statutory loss-before-tax of £296.7m for the year ended 3 September 2023 down from a loss before tax of £31.9m in 2022. The performance comes as Asos revealed it anticipates a second year of falling sales, forecasting a decline of 5% to 15% in FY24. The embattled…
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Oct- 2023 -20 OctoberNews
Today’s news in brief-20/10/23
The Office for National Statistics (ONS) revealed a 0.9% decline in retail sales for September, following a 0.4% rise in August 2023. Over the quarter, sales volumes dropped by 0.8% compared to the previous three months. Non-food store sales were particularly affected, with a 1.9% decrease in September, attributed to…
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20 OctoberHigh Street
Frasers ups Asos stake again to 23%
Frasers has again upped its stake in Asos to 23%, as it continues its investment in a number of UK fashion retailers. Frasers has increased its holding in the online retailer a number of times throughout this year and currently holds 27,473,492 Total number of voting rights. It tops a…
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19 OctoberNews
Today’s news in brief-19/10/23
Adidas has revised its full-year projections upward following robust Q3 2023 results. The sportswear giant’s performance was positively impacted by the sale of its remaining Yeezy inventory, leading to better-than-expected underlying business development. Now, Adidas anticipates an operating loss of €100m in 2023, down from the previous forecast of €450m.…
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19 OctoberNews
Adidas ups full-year guidance following Yeezy sale boost
Adidas has raised its full-year guidance following better than expected preliminary results for Q3 2023. The German sportswear retailer noted that the company’s performance was “positively impacted” by the sale of parts of its remaining Yeezy inventory. As a result, the underlying business developed “better than expected”. The company now…
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17 OctoberOnline & Digital
THG maintains guidance following steady Q3
THG has maintained its full-year revenue and EBITDA guidance after welcoming its best quarterly revenue performance in the last year. Q3 revenues were still down by 4.4% against the prior year, but its performance improved each month in the quarter. The group also returned to positive constant currency revenue growth…
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11 OctoberNews
Today’s news in brief-11/10/23
Travis Perkins has revised down its full-year earnings forecast due to challenging market conditions and a significant slowdown in new build housing and domestic renovations and maintenance (RMI) activity in Q3. Group revenues fell by 1.8% in the quarter, with like-for-like sales also down by 1.8%. Pricing declined by 3.1%,…
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11 OctoberDIY
Travis Perkins cuts guidance amid slowdown in trading
Travis Perkins has lowered its full-year guidance after facing challenging market conditions and a “pronounced slowdown” in new build housing and domestic RMI activity in Q3. In light of this, full-year adjusted operating profit is now expected to be in the range of £175m to £195m. It comes as group…
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9 OctoberAdvice
Local SEO for retailers: How to boost local traffic
Local Search Engine Optimisation (SEO) is a powerful tool that empowers retailers to reach their target audience in specific geographic areas. By optimising for local searches, retailers can increase foot traffic to physical stores and improve visibility in local search results. This feature provides comprehensive guidance on how retailers can…
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6 OctoberNews
Today’s news in brief-06/10/23
Pandora has raised its revenue guidance for the year to DKK 34-36bn (£4.2-4.5bn) following a surge in store sales. As part of its Phoenix strategy, the company plans to increase investments to enhance revenue growth, brand desirability, and expand its store network. This includes positioning itself as an affordable luxury…
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