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.
-
Jun- 2023 -20 JuneOnline & Digital
Gear4music falls to £0.4m loss in FY23
Gear4music has reported a loss after tax of £0.4m for the full year ended 31 March 2023, despite its revenue increasing by 3% to £152m. The online musical instruments retailer also reported EBITDA of £7.4m which is 34% below FY22 and 5% below FY20. According to the CEO of Gear4music,…
Read More » -
20 JuneHigh Street
Next ups FY guidance as sales improve due to good weather
Next is upgrading its full price sales guidance for the full year by £137m and its full year profit guidance by £40m to £835m, as trading in the last seven weeks has proved “materially better” than the guidance it issued in May. This comes as full price sales in the…
Read More » -
16 JuneHigh Street
Frasers ups stake in Asos to over 10%
Mike Ashley’s Frasers has increased its stake in online fashion retailer asos for the third time in two weeks. Frasers has increased its holding to 10.6%, fueling further speculation of a possible takeover offer after beginning last week with a 7.4% stake. Frasers is currently Asos’ fourth largest shareholder having…
Read More » -
16 JuneSupermarkets
Tesco sales up 9% amid signs of easing inflation
Tesco has announced that its sales excluding fuel in the UK and Ireland have risen 9% to £13.8bn for the 13 weeks ended 27 May 2023. Overall, the company posted sales of £14.8bn across its stores in the UK, Ireland and Central Europe including Booker, an increase of 8.2%. This…
Read More » -
15 JuneOnline & Digital
Asos returns to profitability despite revenue drop
Online retailer Asos has announced that it has returned to profitability after its EBIT rose more than £20m year on year for the three months ended 31 May. This earnings increase comes despite its revenue dropping 11% from £964m down to £859m in the same period. The company stated that…
Read More » -
9 JuneNews
Shoe Zone ups guidance as trading ‘exceeds expectations’
Shoe Zone has raised its full-year guidance after recently announcing that trading has exceeded expectations since the release of its interim results on 16 May 2023. The company said that the improvement is due to “particularly strong recent trading through May and early June” and that “this is a combination…
Read More » -
7 JuneClothing & Shoes
Stitch Fix explores UK exit amid falling revenue in Q3
Stitch Fix is exploring the possibility of exiting the UK market in FY23, after its net revenue decreased 20% year-over-year to $394.9m (£316.7m) in the third quarter ended 29 April. According to Stitch Fix, since first entering the UK market in 2019, the macroeconomic environment and the group have changed. …
Read More » -
6 JuneSupermarkets
Central Co-op to become a ‘Fertility Friendly’ employer
Central Co-op has partnered with the social enterprise educational training provider Fertility Matters at Work, as it works towards becoming a Fertility Friendly employer. The training provider aims to implement policy-backed best practices when supporting colleagues experiencing fertility challenges. In addition to undertaking the training provided by Fertility Matters at…
Read More » -
May- 2023 -31 MayHigh Street
WHSmith raises guidance ahead of summer
WHSmith has announced that it is raising its profit guidance for FY23 as it hedges its bets on a strong summer travel demand. The company saw its travel sales increase 31% for the 13 weeks to 27 May 2023, compared with the same period last year. Its total travel sales…
Read More » -
24 MayClothing & Shoes
VF Corp FY revenues dip as Vans sales fall
VF Corp, the owner of brands such as Vans, The North Face and Timberland, has seen its revenues dip by 2% to $11.6bn (£9.4bn) in FY23 amid a “challenging” consumer environment. North Face performed better than expected however, with sales up by 11% to $3.6bn (£2.9bn) in the full-year period.…
Read More »
