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.
-
Jul- 2023 -12 JulyHigh Street
Shoezone ups profit guidance again after strong June sales
Shoezone has announced that it expects its profit for the year ending 2 October 2023 to be no less than £13.5m after strong June sales. The company stated that sales exceeded expectations due to “continued strong demand with volumes up double digits on last year”, despite no price increases on…
Read More » -
6 JulyElectrical
Currys axes dividend as full-year profits slump
Currys has scrapped its dividend after revealing both profits and sales fell in its full-year results, with the group hit by “depressed demand, high inflation and unforgiving competition”. In the full-year ended 29 April, adjusted profit before tax plunged 38% to £119m, down from £192m the prior year, in part…
Read More » -
5 JulySport & Leisure
JD Sports broke competition law with Leicester City FC, CMA finds
The Competition and Markets Authority (CMA) has found that JD Sports, together with Leicester City FC, broke competition law by “colluding” to restrict competition in the sales of Leicester City-branded clothing in the UK. After an investigation which began in September 2021, Leicester City agreed to pay a fine under…
Read More » -
5 JulyHigh Street
Naked Wines appoints former founder as chair, delays FY results
Naked Wines has announced the appointment of founder and former CEO Rowan Gormley as its new chairman. The wine retailer also announced a delay to the release of its full-year results that were set to be released on 6 July but said it expects FY EBIT to come in at…
Read More » -
Jun- 2023 -30 JuneAnalysis
Hotel Chocolat is in a bad way – but so are other chocolatiers
Over the course of Easter 2023, the UK was responsible for one in eight Easter-related chocolate launches, according to research from Mintel’s Global New Products Database (GNPD), while seasonal Easter chocolate products also saw a 19% rise over the past 12 months. Meanwhile, UK-based ‘free-from’ chocolate brand NOMO reported a…
Read More » -
28 JuneHealth & Beauty
Boots to close 300 stores despite strong Q3 sales
Boots will reportedly shut 300 branches across the UK over the coming year, despite the group’s retail sales increasing by 13.4% in its third quarter of trading, as the retailer looks to consolidate the business. According to the BBC, the move will see its portfolio fall from 2,200 stores to…
Read More » -
26 JuneClothing & Shoes
Primark owner ups FY guidance after strong Q3
Primark owner Associated British Foods has announced that it expects its adjusted operating profit for FY23 to be “moderately ahead of last year” following a period of strong trading in its third quarter. It comes as the group posted overall revenues of £4.7bn for the 12 weeks ended 27 May…
Read More » -
23 JuneHigh Street
Hotel Chocolat expects to deliver marginal loss for FY23
Hotel Chocolat has announced that it anticipates to deliver an underlying marginal loss before tax for FY23, despite cash generation remaining healthy, with cash-at-hand of £19m and zero debt. The direct-to-consumer chocolate brand’s trading update comes after a previous announcement, which outlined that the current financial year is a “transition”…
Read More » -
23 JuneSupermarkets
Morrisons sales jump 3.1% to £3.7bn
Morrisons has revealed that its quarterly sales increased 3.1% to £3.7bn in the 13 weeks ending 30 April 2023, with like-for-like sales up 1%. Its wholesale channel sales were also up by 20%. However, total group revenue fell by 0.9% to £4.5bn reflecting lower fuel sales year on year. Additionally,…
Read More » -
21 JuneHealth & Beauty
THG expects increased H1 profits following strong Q2
THG has welcomed a “strong” second quarter of trading that is set to increase its first half profitability, with adjusted EBITDA for the half-year now expected to be between £44m and £47m, compared with £32.3m in the same period last year. As a result, the group’s guidance for the financial…
Read More »
