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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Mar- 2023 -1 MarchHigh Street
B&M announces store reshuffle
Discount retailer B&M has announced that it is closing a number of stores over the next few weeks not for financial reasons but as part of a reshuffle of its store estate According to The Mirror, the closures are due to some stores moving to bigger sites or other external…
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Feb- 2023 -28 FebruaryElectrical
AO ups FY guidance amid improved margins
Online electrical retailer AO now expects its adjusted EBITDA to be in a range of £37.5m to £45m for the full year. The increase in the retailer’s profit guidance for the year to March 2023 comes as AO has continued to reduce costs and improve margins. As a result, the…
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27 FebruaryClothing & Shoes
Primark owner raises guidance after better than expected trading
Primark owner Associated British Foods (ABF) has announced that it is raising its full-year guidance after Primark traded unexpectedly well. The company stated that its adjusted operating profit and adjusted earnings per share were now expected to be broadly in line with the previous financial year. Total sales at Primark…
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15 FebruaryDepartment Stores
Dunelm profits fall 17% despite sales increase
Home retailer Dunelm has announced a 17% fall in its pre tax profits to £117m, down from £141m, for the 26 weeks ended 31 December 2022. The firm revealed the fall in profit comes despite a 5% increase in sales to £835m compared with £766m from the first half of…
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10 FebruarySupermarkets
Iceland refinancing prospects strengthen amid improved guidance
Iceland has reported a “better than expected” guidance, and as a result, the retailer believes its prospects for a £750m refinancing have improved. The retailer’s latest improved guidance, which was recorded by ratings agency Moody’s, shows that EBITDA is expected to grow by around £115m by the end of the…
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10 FebruaryClothing & Shoes
Adidas lowers guidance amid Kanye West split
Adidas has announced that it expects its revenues to drop at least €1.2bn (£1.1bn) as a result of its split with Kayne West. The company also expects its operating profit to drop €500m (£442m) and is still reviewing its options for its existing Yeezy stock. Its current guidance already accounts…
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10 FebruaryHigh Street
Watches of Switzerland falls short of expectations amid Christmas strikes
Watches of Switzerland has reported that its revenues increased 17% to £407m in the 13 weeks to January 29 this year, narrowly falling short of analysts’ consensus expectations of £425m. The company said its lower than expected sales growth was because of rail and postal strikes over Christmas and general…
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9 FebruaryClothing & Shoes
Under Armour unveils ambitious UK expansion plans
Under Armour will open three new brand-owned stores in key cities throughout the UK over the next couple of months, following what it called “significant growth and consumer demand in the market”. The stores are part of Under Armour’s overall strategy to strengthen its direct-to-consumer channel, a key element of…
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9 FebruaryPeople Moves
Very CFO appointed chief finance and transformation officer
Digital retailer Very has announced the appointment of its CFO Ben Fletcher to the newly-created role of chief finance and transformation officer with immediate effect. As part of his new role, Fletcher will continue to be part of the company’s executive team and board, reporting to group CEO Lionel Desclée.…
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6 FebruaryOnline & Digital
Amazon to sublet UK warehouses as growth slows
Amazon is reportedly planning to sublet its empty warehouses across the UK, as it has continued to halt growth plans after its full-year profits halved to $12.2bn (£9.9bn) in FY22. According to the Telegraph, Amazon has started subletting unused warehouse space across the country, despite estimations it opened hundreds of…
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