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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Nov- 2022 -21 NovemberClothing & Shoes
Foot Locker lifts guidance despite fall in Q3 sales
Footwear retailer Foot Locker has raised its FY guidance despite seeing a fall in sales and net income during the third quarter. For the 13-week period ending 29 October 2022, the company reported net income of $96m (£81.2m) compared with $158m (£133.7m) the prior-year period. Meanwhile, it confirmed third quarter…
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16 NovemberHigh Street
Card Factory ups guidance after ‘stronger than expected’ trading
Card Factory has upped its FY23 guidance after “stronger than expected” trading in the second half of the year, with full-year EBITDA now expected to be £96m, up from a previous guidance of £88.8m. According to the retailer, this EBITDA would approximate to profit-before-tax of £37.5m for the period. Its…
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11 NovemberClothing & Shoes
Ralph Lauren welcomes ‘better than expected’ Q2
Ralph Lauren has welcomed “better than expected” trading in Q2, as revenues grew by 5% to $1.6bn (£1.36bn) over the period despite macro-economic pressures. The luxury fashion brand delivered “strong” revenue growth in both its Core business, up mid-teens to last year, and high-potential categories, including Women’s, Outerwear and Home,…
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10 NovemberDIY
B&M maintains FY23 outlook despite £40m profit drop
B&M has maintained its previous guidance for the full year (FY23) with group adjusted Ebitda expected to be in the range of £550m-£600m, as the company expects to retain customers due to the economic crunch. This comes despite a 16.7% drop in pre-tax profits year-on-year for the 26 weeks to…
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9 NovemberClothing & Shoes
Allbirds sees Q3 profits fall despite strong revenues
US footwear retailer Allbirds, which operates three stores in London and a concession in Selfridges, has revealed its gross profits declined 4% in Q3 to $32.5m (£28.2m), down from $33.9m (£33.9m) the previous year. The decline comes despite it experiencing an uptick in revenues, up 15.9% YoY to $72.7m (£63.3m).…
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9 NovemberClothing & Shoes
Adidas lowers forecast amid Yeezy split
Adidas has lowered its full year guidance for FY22 with total revenues now expected to grow at a low-single-digit rate and net income from continuing operations will reach around €250m (£219m), following Adidas’ decision to terminate its ‘Yeezy’ partnership with Kanye West on 25 October which sees “high seasonality” towards…
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8 NovemberPeople Moves
John Lewis COO to leave after 30 years
John Lewis Partnership COO Andrew Murphy has announced his intention to leave the retail group after 30 years. He will leave next summer, after he revealed his decision was influenced by the milestone of reaching 30 years with the company, and the desire to pursue other opportunities. Writing on Linkedin,…
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4 NovemberClothing & Shoes
Hugo Boss ups guidance after highest ever quarterly sales
Hugo Boss has upped its full-year guidance following a period of “significant” growth and “strong momentum” in its third quarter of trading, where sales figures broke historic records for the group. Over the period, group sales rose by 18% to €933m (£812m), up from €755m (£657m) the prior year, representing…
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Oct- 2022 -25 OctoberOnline & Digital
THG welcomes resilient Q3 and maintains FY guidance
THG has welcomed a “resilient” Q3 as revenues grew by 2.1% in the quarter ended 30 September, while THG Beauty and THG Nutrition reported growth of 4.9% and 2.9%, respectively. It comes as consumer behaviour during the third quarter remained “stable and consistent” despite current economic uncertainties, according to the…
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13 OctoberPeople Moves
Boohoo CIO exits business after three years
Boohoo’s chief information officer (CIO), Jo Graham, has announced her departure from the business after three and a half years in the role. Yesterday (12 October) was her last day, and Graham said she is going to take time off before pursuing a new role. Previously, Graham was a technology…
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