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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May- 2023 -24 MayDIY
Kingfisher Q1 sales hit £3.3bn
Kingfisher has revealed that it has posted £3.3bn in sales for the three months to 30 April 2023, an increase of 0.8% year on year. The B&Q and Screwfix owner stated that 18% of sales were affected by poor weather conditions in the spring causing a like for like decrease…
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22 MayClothing & Shoes
Foot Locker sees 11.4% drop in sales to $1.9bn
Foot Locker has reported a 11.4% decline in total sales to $1.92bn (£1.5bn) for its first quarter ended 29 April 2023, compared with sales of $2.1bn (£1.6bn) in the first quarter of 2022. Excluding the effect of foreign exchange rate fluctuations, total sales for the first quarter decreased by 10%.…
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18 MayClothing & Shoes
TK Maxx owner ups full-year guidance as Q1 margins rise
The TJX Companies, the company that owns TK Maxx, has raised its full-year guidance after its first quarter trading was better than expected. In the quarter ended 29 April 2023, sales rose by 3% to $11.8bn (£9.48bn), while net income was $891m (£716m) and diluted earnings per share were $.76…
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15 MayElectrical
Currys raises guidance after ‘better than expected results’
Electronics retailer Currys has increased its profit guidance to between £110-120m for the year ended 29 April 2023. The retailer lowered its guidance in March to around £104m following poor performance in the Nordics but has reversed this after a strong final two months of the year in the UK.…
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12 MayOnline & Digital
THG terminates takeover talks
THG has announced that it has terminated takeover talks with Apollo Global Management as it believes Apollo has undervalued the business. The company which owns brands like Myprotein stated that there was “no longer any merit” in continuing talks with Apollo. Shares in the company increased by 40% following the…
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11 MaySupermarkets
BRC calls for Windsor Framework labelling clarity
The British Retail Consortium (BRC) has called on the government to provide clarity for UK supermarkets on labelling issues caused by the Windsor Framework ahead of the October deadline. Labelling is a key issue as it will determine whether or not businesses can trade in the green lane or red…
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11 MayOnline & Digital
Ebay launches Carbon Academy to help small businesses
Ebay has announced the launch of Carbon Academy to help small businesses to reduce their carbon footprint and accelerate their sustainability journey. The new programme is created in partnership with sustainability consultant ClimatePartner and aims to give guidance on how to reduce the carbon footprint in day to day operations.…
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4 MayNews
Zalando reports €2.3bn revenues in Q1
Zalando, one of Europe’s leading online platforms for fashion and lifestyle, reported a revenue increase of 2.3% to €2.3bn (£2bn) in the first quarter of 2023. The company reported a gross merchandise volume increase of 2.8% to €3.2bn (£2.8bn) and adjusted earnings before tax level compared with -€52m (-£45m) in…
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4 MayNews
Farfetch launches Reebok partnership
Farfetch, the leading global platform for the luxury fashion industry, has recently launched its European partnership with Reebok, following its acquisition in 2022. The partnership is being managed by New Guards Group (NGG), a wholly owned Farfetch company. NGG has formed a new division, NGG++, to operate the Reebok brand…
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4 MayClothing & Shoes
Next maintains guidance despite better than expected sales
Next has maintained its profit guidance for the full-year despite seeing better than expected sales figures for the first quarter. The company stated that its profit before tax is forecast to be £795m and earnings per share is expected to be 501.9p. Full price sales dropped 0.7% for the 13…
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