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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Sep- 2023 -19 SeptemberSupermarkets
Price cuts boost Ocado sales in Q3
Price cuts have helped entice shoppers to Ocado in its third quarter of trading, with retail sales up by 7.2% to ยฃ569.6m in the three months to 27 August. Average orders per week grew by 1.9% year-on-year, โlapping a strong customer acquisition pushโ this time last year, and active customers…
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19 SeptemberNews
B&Q owner Kingfisher slashes full-year guidance
B&Q owner Kingfisher has slashed its full-year profit guidance to ยฃ590m, down from ยฃ634, as the retailer continues to face hard trading conditions.ย It comes as operating profit for the six months ended in July was ยฃ367m, down 30.9% from the ยฃ531m reported in the same period last year.ย Group…
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15 SeptemberPeople Moves
Pepco Group CEO steps down
Pepco Group has confirmed that Trevor Masters has stepped down as CEO of the company with immediate effect. Andy Bond, chair of the groupโs board, will step into the role of executive chair, leading the executive team and overall management of the company until a successor CEO is appointed.ย Bond…
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14 SeptemberHealth & Beauty
THG guidance remains unchanged despite losses widening
THG Group has reiterated that its adjusted EBITDA guidance for FY23 remains unchanged, despite its disposal of loss-making assets widening its operating loss to ยฃ99.5m in H1, down from a loss of ยฃ89.2m last year.ย The disposal of loss-making categories and non-core assets, which included its OnDemand business, cost the…
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12 SeptemberClothing & Shoes
Primark owner ups guidance after 15% sales surge
Primark owner Associated British Foods (ABF) has raised its profit guidance after seeing better than expected results. The company now expects an adjusted operating profit โslightly betterโ than its previous expectation of โmoderately aheadโ of its ยฃ1.4bn profit last year. It also expects Primark sales to be around ยฃ9bn for…
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8 SeptemberNews
Sainsburyโs to use best-before dates on milk from next year
Sainsburyโs has announced it will be swapping use-by dates for best-before dates across its own-brand milk range, making it the biggest UK retailer to make this change. The move will affect 44 products in total, including all fresh and organic milk sold across England, Scotland, and Wales, and will apply…
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Aug- 2023 -29 AugustClothing & Shoes
Frasers ups Asos stake to 19.3%
Mike Ashleyโs Frasers Group has announced that it has once again upped its stake in Asos to 19.3%, up from 18%. The news comes after the group increased its stake to 17% earlier this month. The group also raised its stake in Boohoo Group from 6.8% to 7.8%. Prior to…
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24 AugustClothing & Shoes
Abercrombie & Fitch raises guidance as Hollister brand boosts sales
Abercrombie and Fitch has increased its full-year outlook ranges on sales and operating margin after its Hollister brand helped boost company net sales 16% to $935m (ยฃ737m) during the three months ended 29 July 2023. The company said the results were driven by Abercrombie brands, up 26%, and its Hollister…
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21 AugustClothing & Shoes
TK Maxx owner ups profit guidance amid Q2 sales boost
The UK arm of TJX Companies, TK Maxx, has raised its profit guidance for the full-year following a 8% year-on-year increase in sales to $12.8bn (ยฃ10bn) for the second quarter ended 29 July.ย During this period, the groupโs pre-tax profit margin also rose by 1.2% to 10.4% from last yearโs…
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17 AugustClothing & Shoes
Birkenstock UK profits fall despite jump in revenues
Birkenstock has revealed that its profits fell 12% to ยฃ3.9m in the sandal brandโs UK division for the year to 30 September 2022, despite its revenue surging 49% to ยฃ34.5m.ย While the retailerโs wholesale revenues increased 40% from ยฃ21.2m to ยฃ30m in 2022 โ representing 87% of the companyโs total…
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