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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Dec- 2022 -15 DecemberElectrical
Currys falls to pre-tax loss of ยฃ17m in H1
Currys has fallen to a pre-tax loss of ยฃ17m for the half year ended 29 October 2022, down from profits of ยฃ45m the prior year, as it attributed its weak performance outside of UK&I to its competitorsโ โheavyโ discounting.ย In light of this, the group is now expecting its full…
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14 DecemberLuxury Goods
Watches of Switzerland sees H1 results surge 31% to ยฃ765m
Watches of Switzerland has revealed its revenues increased 31% to ยฃ765m during the first half of the year ended 30 October 2022. The company has seen a โcontinued strong demandโ for luxury watches and jewellery and has attributed revenue growth to increased prices. UK revenues increased 8% to ยฃ454m, which…
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8 DecemberDepartment Stores
Acquisitions boost Frasers profits by 53%ย
Frasers has welcomed a strong performance in its half-year results, with pre-tax profits soaring 53% to ยฃ284.6m, as sales were boosted by a series of acquisitions over the period. Total revenues across the group rose by 12.7% to ยฃ2.6bn in the period ended 23 October 2022, as the group continued…
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6 DecemberPeople Moves
VF Corp names Benno Dorer as interim CEO
VF Corporation has announced that Benno Dorer, lead independent director of the VF board, has been named interim president and CEO, effective immediately.ย His appointment follows Steve Rendleโs decision to retire from his position as chairman, president and CEO. The company, which owns brands including Vans and the North Face,…
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2 DecemberAnalysis
A โfall from graceโ: what went wrong with Made.com
Made.com was once a force to be reckoned with in the retail landscape. Having launched 12 years ago, the group had since enjoyed a rise to dizzying new heights. The company used sleek marketing to tap into its millennial customer base, and became one of the most popular destinations for…
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Nov- 2022 -24 NovemberDIY
Kingfisher lowers upper end of FY guidance
Home improvement retailer Kingfisher has lowered its upper guidance for its FY 22/23 pre-tax profit range despite seeing an increase in sales for the three months to October 31. The B&Q owner said it now expects its FY adjusted pre-tax profits to come in between ยฃ730m to ยฃ760m. However, overall…
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24 NovemberHigh Street
Dr Martens profits fall 5% after growth investment
Dr Martens has recorded a 5% fall in pre-tax profits to ยฃ57.9m during the six months to September 30, while EBITDA was flat year on year at ยฃ88.8m. The business sold 6.3m pairs of boots, shoes, and sandals, up 400,000 on an underlying basis compared with the same period of…
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23 NovemberDIY
Halfords H1 profits fall to ยฃ29m amid โsofteningโ trade
Halfords has reported that underlying profit before tax fell by 49.9% to ยฃ29m in the first half of the year, down from ยฃ57.9m the prior year, despite a โresilientโ performance in the period. The group also downgraded its full-year guidance after a โsofteningโ of trading in discretionary areas of spend,…
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23 NovemberNews
Pets at Home H1 profits dented by rising freight and energy costs
Pets at Home has seen underlying profit before tax fall by 9.3% to ยฃ59.2m in the first half of the year, largely driven by increased freight and energy costs over the period.ย According to the group, profits were also hit by a year-on-year increase in investment in digital assets, which…
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22 NovemberElectrical
AO revenues fall 17% in H1
Electrical retailer Ao reported a year-on-year revenue decline of 17% in the six months ended 30 September 2022, as the company experienced a reduction in the overall electricals.ย It is reported that the group also saw a statutory loss before tax of ยฃ12m compared to a loss of ยฃ4m in…
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