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.
-
Jan- 2023 -12 JanuarySupermarkets
Strong Christmas boosts Tesco’s Q3 sales to ยฃ19.7bn
Tesco has announced revenues of ยฃ19.7bn, a 6.1% increase, in the UK and ROI for the 19 weeks ended 7 January 2023. The supermarket chain also saw a 6.1% increase in like for like sales for the period including a nearly 8% increase over Christmas. As a result of this…
Read More » -
12 JanuaryDIY
Halfords lowers guidance as lack of technicians hampers growth
Halfords has lowered its full-year profit guidance after it revealed that a challenging labour market meant a lack of skilled technicians combined with a weak tyre market hampered growth. In a trading update for the 13 weeks to 30 December 2022, it confirmed group revenues increased 38.3% and 12.6% LFL…
Read More » -
12 JanuarySupermarkets
M&S sees sales soar 10% over Christmas
M&S has revealed its food sales rose 10.2% in the three months until December 31, with like-for-like sales up 6.2%, as the grocer outperformed the market. Alongside this, top tier M&S collection sales also grew by over 20%. The business also revealed its clothing and home sales increased 8.8%, with…
Read More » -
12 JanuaryOnline & Digital
Asos revenues fail to climb over Christmas period
Asos has failed to capitalise on the festive season as revenues for the four months ended 31 December fell by 3%, reflecting tough trading conditions, delivery disruptions and weak consumer sentiment.ย According to the online fashion giant, it expects the โvolatileโ trading of the period to continue through the next…
Read More » -
11 JanuaryClothing & Shoes
JD Sports ups guidance amid strong Christmas trading
JD Sports has raised its full-year guidance after a โparticularly impressiveโ business performance over the Christmas period, both in stores and online, as retail revenue over the period grew 20%.ย As a result, JD now expects its profit before tax and exceptional items for the year ending 28 January 2023…
Read More » -
11 JanuarySupermarkets
Sainsbury’s raises profit outlook as sales jump 7.1%
Sainsburyโs has revealed that its total sales jumped 7.1% in the six weeks to January 6, boosting its Q3 like-for-like sales performance 5.9%. General merchandise sales jumped to 7.4%, with Argos sales 7.1% up and clothing sales growing 5.1%. As a result, the grocer also revealed that profits are expected…
Read More » -
10 JanuaryHigh Street
Card Factory ups FY guidance amid strong Xmas sales
Card Factory has raised its full-year guidance following a year of โgood momentumโ across the business, with sales boosted by a return to high street spending, particularly over the Christmas trading period.ย The group anticipates that EBITDA in FY23 will now be at least ยฃ106m, up from a previous guidance…
Read More » -
9 JanuaryComment
Greenwashing vs โGreenhushingโ – how can businesses get it right?
Greenwashing has become a popular buzzword to describe how companies potentially mislead consumers through advertising and messaging by making environmental claims about products or services that do not stand up to scrutiny. The latest casualty to face allegations of greenwashing is clothing retailer H&M, who in the US are being…
Read More » -
5 JanuaryHigh Street
Next ups guidance amid strong Christmas sales
Next has increased its full year profit before tax guidance by ยฃ20m to ยฃ860m, as sales in the Christmas period have been โbetter than anticipatedโ.ย The retailerโs profit outlook has seen an increase of 4.5% compared with last year, following a 4.8% rise in full price sales in the nine…
Read More » -
Dec- 2022 -20 DecemberClothing & Shoes
Next sales ahead of expectations in Q3
Next has announced that sales were 0.4% higher than last year in the 13 weeks to 29 October, which is said to be โslightly aheadโ of the fashion retailerโs expectations.ย ย It is reported that the groupโ full price sales in the last five weeks experienced an increase of 1.4%, in…
Read More »
