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 -5 AprilSupermarkets
Co-op profits hit £247m but warns on future impact of inflation
Co-op has seen its revenues surge £300m to £11.5bn, up from £11.2bn, for the year ended 31 December 2022. Alongside this the company posted a pre-tax underlying profit of £247m up from £57m in 2021. Furthermore, the retailer maintained the same underlying profit number of £100m compared with last year.…
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5 AprilClothing & Shoes
Apparel Brands acquires streetwear label Nicce
Apparel Brands Ltd has acquired East London-based streetwear brand Nicce. It will take on the licence for Nicce clothing across wholesale and e-commerce. The streetwear brand said that with Apparel Brands support and guidance, Nicce will focus on “strengthening its wholesale business and accelerating e-commerce and international growth”. Meanwhile, following…
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Mar- 2023 -29 MarchClothing & Shoes
Next profits jump 5.7% to £870m amid anticipation of future decline
Next has announced that its pre-tax profits rose 5.7% to £870m, up from £823m, for the year ended 31 January 2023. This number was £10m above the retailer’s guidance which it put down to strong sales in both its retail and total platform businesses. Furthermore, the company’s total trading sales…
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27 MarchFeatures
It’s always someone’s birthday: gift cards remain evergreen
Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to empty their wallets once again. According to Barclays, nearly six in 10 Brits are actively curbing their discretionary purchases, which has led to just a 5.5% uplift in year-on-year spending…
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23 MarchDIY
Wickes FY profits fall despite growing sales
Wickes has revealed that pre-tax profits dropped to £40.3m after absorbing non-recurring costs of £35.1m, despite reporting a like-for-like increase of 3.5% in sales for the year ending 31 December 2022. During this period, the DIY retailer’s net cash position also stood at £99.5m compared with £123.4m in the same…
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21 MarchDIY
Kingfisher FY22 performance suffers amid strong FY21 comparables
Kingfisher has revealed its post tax profits fell 44% to £471m for the full-year period ended 31 January 2023. The company posted sales of £1.30bn, down 0.9% from the £1.32bn it posted the previous year. It also posted gross profits of £4.8bn down 2.8% from £4.9bn last year and operating…
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16 MarchNews
DFS profits dip in H1 amid rising costs
Furniture specialist DFS has revealed a decline in profits in H1 due to rising costs and a weak market environment despite record market share, with profit before tax falling to £7.1m, down from £23.3m the year before. According to its latest interim report, its profit before tax and PBT margin…
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14 MarchNews
Mamas & Papas partners with Kit & Kin to promote eco-friendly products
Nursery brand Mamas & Papas has announced a partnership with Kit and Kin’s eco range starting from Monday 13th March. Kit and Kin’s eco nappies are made with sustainably sourced, plant-based materials as well as being the first UK nappy brand in retail to launch recyclable paper packaging. The range…
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9 MarchClothing & Shoes
Adidas profits fall 1% to £9.45bn amid Yeezy split
Adidas has reported that its FY gross profit declined 1% to £9.45bn, down from the £9.54bn it made in 2021, according to its financial for the period ending 31 December 2022. The company stated that its revenue was impacted by the termination of Yeezy partnership with Kanye West. Adidas’ EBITDA…
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7 MarchClothing & Shoes
Zalando’s customer base surpasses 50 million
Zalando, European fashion and lifestyle retailer, has announced that its customer base grew 6% more than 51 million last year because of the success of its loyalty programme. According to its financial results for FY22, Zalando’s loyalty programme, Plus, more than doubled its membership to over two million compared with…
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