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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Sep- 2022 -20 SeptemberOnline & Digital
Moonpig reiterates FY guidance as trading remains stable
Moonpig has said that its overall trading performance has been in line with its expectations in its latest trading update for the current financial year. In light of this, the group has kept to its existing guidance for the full financial year. It has also prioritised greeting card sales, which…
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15 SeptemberOnline & Digital
THG losses widen despite revenues passing £1bn
THG has revealed its losses widened to £89.2m in the first half of the year to 30 June, despite seeing revenues surpass £1bn. The online retailer said the loss reflected “consumer price protection investment strategy”, however its medium-term guidance reiterated with cost efficiencies and commodity price improvements should support margin…
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15 SeptemberEconomy
Wickes sees H1 profits fall 6.2% to £33.5m
Wickes has reported that its profits before tax declined by 6.2% for the first half of 2022, to £33.5m compared with £35.7m for the same period last year. The company saw revenue growth of 1.3% to £822.3m from the 22 weeks ended 2 July 2022, compared with £812.0m in H1…
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13 SeptemberDepartment Stores
John Lewis, Primark, Aldi to shut stores all day for Queen’s funeral
A number of retailers have confirmed they will shut all of their stores on the day of Queen’s funeral on 19 September as a mark of respect. Retailers including John Lewis, Homebase, WH Smith, B&Q, Primark, Tesco, Sainsbury’s, Argos, Ikea, Poundland and grocers Aldi and Sainsbury’s will shut all of…
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9 SeptemberClothing & Shoes
Asos hit by weak August sales as inflation weighs on shoppers
Asos has cautioned over profits after sales fell below expectations in August as it warned consumers may be reducing their spending due to the cost of living crisis. The online fashion giant said it saw “good growth” in June and July and expects total sales for the year ended August…
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6 SeptemberAnalysis
The other benefit of disposing of ‘best before’ dates on produce
There has been a race among major UK supermarkets to see which can hit their sustainability targets the quickest. Most recently, their sights have been set on scrapping the ‘best before’ dates on fresh produce in order to allow customers to choose for themselves when they think the produce is…
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Aug- 2022 -31 AugustNews
Boohoo warns suppliers risk further HMRC costs over polybag content
The Boohoo Group has reportedly been charged by HMRC as some of its polybags don’t have the certificate to confirm their recycled content. According to Drapers, Boohoo Group sent a letter to product suppliers on 26 August which said that this charge will be passed on to suppliers if they…
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25 AugustSupermarkets
Asda to remove ‘best before’ dates on produce
Asda has announced plans to remove the ‘best before’ dates on almost 250 of its fresh fruit and vegetable products as a way to help customers reduce food waste and save money. It is reported that from 1 September, the supermarket will remove the dates from packaged fruit and vegetable…
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19 AugustHigh Street
TK Maxx owner’s sales hit by ‘historical’ inflation
TK Maxx owner, The TJX Companies, has revealed net sales for the second quarter of Fiscal 2023 ended July 30 2022 decreased 2% to $11.8bn (£9.9bn). It comes as US sales fell by 3.2% to $9.1bn (£7.5bn), Europe and Australia net sales dropped 1.5% to $1.5bn (£1.24bn), while Canada net…
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16 AugustNews
Watches of Switzerland Q1 revenues hit £391m
The Watches of Switzerland Group PLC has reported a 31% rise in group revenues year-on-year from £297m to £391m for the 13 weeks to 31 July 2022 (Q1 FY23), benefiting from de-stocking and pent up demand as showrooms reopened following Covid-19 lockdowns. Luxury watches sales grew 32% to £342m, representing…
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