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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Apr- 2023 -27 AprilSupermarkets
Sainsbury’s posts fall in profits amid consumer cost measures
Sainsbury’s has seen its statutory pre-tax profits drop 62% to £327m, down from £854m the previous year, during the 52-week period ended 4 March. The supermarket giant attributed the decrease to the more than £560m it spent on ensuring prices for consumers remained as low as possible. However, group revenues…
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27 AprilNews
Hotel Chocolat warns sales to be lower than expected in FY23
Hotel Chocolat has reported that it expects sales in FY23 to be slightly lower than market expectations and that underlying PBT will be breakeven, according to its new trading statement and update on its strategic progress. It said that second half trading to 23 April achieved high seasonal full price…
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26 AprilSport & Leisure
Puma Q1 sales jump 14% to €2.2bn
Sportswear giant Puma has revealed its first quarter sales jumped 14% to €2.18bn (£1.93bn) boosted by strong sales in its EMEA region and a return to growth in China for the first time in two years. It said its sales performance was driven by a 28.8% increase in footwear sales…
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25 AprilSupply Chain
Ocado to close warehouse risking 2,300 jobs
Ocado has announced that it is closing its fulfilment centre in Hatfield putting 2,300 jobs at risk. The retailer stated that it planned to redeploy as many staff as possible to a new centre in Luton. The centre in Hatfield, which is run as a joint operation with Marks and…
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21 AprilHigh Street
Poundland owner sees revenues rise 23% in H1
Pepco Group, the owner of Poundland, has welcomed “encouraging” results in its second quarter and first half of trading despite ongoing inflationary pressures in the market. Group revenues in H1 rose by 22.8% year-on-year to €2.8bn (£2.5bn), driven by strong Pepco growth of 36.9%. In addition, like-for-like revenues were up…
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19 AprilSport & Leisure
Halfords anticipates mid-term profit and sales boost
Halfords has predicted that it will see a rise in both profits and sales in both the mid-term and mid-to-long term, as announced at its Capital Markets Day for investors and analysts. In the mid-term, the group expects sales to grow to around £1.9bn and profit-before-tax to grow to £90-£110m.…
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14 AprilClothing & Shoes
Superdry lowers guidance as sales fall ‘below expectations’
Superdry has lowered its FY23 guidance to £615m-£635m after sales in February and March were “below expectations”. The company stated that while sales were showing significant year-on-year growth they were not what the company expected. It has put this down to a number of external factors like the cost-of-living crisis…
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14 AprilOnline & Digital
AO lifts full-year guidance after cutting costs
AO World has said it is confident its full-year profits will be at the top end of its previous guidance after the electrical retailer worked hard to reduce costs and improve margins over the year. While the group previously warned of potential adverse effects from trading risks, macroeconomic uncertainty and…
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14 AprilClothing & Shoes
Dr Martens downgrades FY guidance amid higher costs
Dr Martens has downgraded the group’s FY23 guidance with EBITDA now expected to be around £245m due to higher costs at its US stores and lower wholesale revenue. While the group’s total revenue for the fourth quarter grew by 6% due to growth in EMEA and APAC, the expected EBITDA…
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13 AprilAdvice
The growing challenge of bots for e-commerce-based businesses
It’s no exaggeration to say that the coronavirus pandemic has left an indelible mark on consumer habits. According to Michael Keenan at Shopify, online purchases only accounted for 17.8% of total sales in 2020. Throughout the Covid crisis, however, the market share of e-commerce positively soared, due to the temporary…
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