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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Aug- 2022 -15 AugustClothing & Shoes
Zalando to cut back marketing spend instead of job cuts
Co-founder and co-chief executive of Zalando, Robert Gentz, has told the Financial Times that the company’s stall in internet shopping is just “a blip” and that the company aims to avoid mass job cuts by cutting its marketing spend instead. The FT reported that the European fashion retailer’s competitors, which…
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10 AugustFeatures
Achievable goals: 5 tips to define them for retail employees
Effective goal setting for retail employees is the foundation of driving sales and self-discipline. As a business owner, you already have a pretty good idea of your business’s goals. The next step is to convey this to your employees in order to scale your company. Achievable retail goals for your team…
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8 AugustClothing & Shoes
Kontoor Brands revenue up 25% in Q2
Global lifestyle apparel company, Kontoor Brands, has seen revenue increase by 25% to $614m (£507m) in Q2, largely driven by strength in the U.S. in both its Digital and wholesale channels. The group’s strongest brands, Wrangler and Lee, also reported a revenue increase of 19% and 14% respectively in H1…
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5 AugustEconomy
Tax cuts won’t solve economic crisis, says Next CEO
Simon Wolfson, the chief executive of fashion retailer Next, has claimed that inflationary pressures can only be tackled by increasing the supply of goods and workers as tax cuts will not solve the challenges facing the British economy, according to The Telegraph. The Telegraph reported that Wolfson also predicted that…
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4 AugustEconomy
Zalando to return to growth in H2 despite Q2 profit fall
Zalando, the online fashion retailer, has revealed it expects to return to growth in H2 despite seeing a 58% drop in its Q2 operating profits to €77.4m (£64.7m), down from €184.1m (£153.3m) in the same period last year. However, the Q2 performance marks a rebound from a Q1 loss of…
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4 AugustClothing & Shoes
Adidas lowers full year forecast as Q2 profits drop 27.9%
Adidas has reported that its operating profits dropped 27.9% year-on-year from €543m (£454.5m) to €392m (£328.1m) in the second quarter ending June 30 2022 (Q2 FY22), following the suspension of operations in Russia, Covid-related lockdowns in Greater China, and higher supply chain costs. Consequently, Adidas has adjusted its FY22 guidance,…
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4 AugustEconomy
ScS ups FY guidance as orders rise by 3.9%
ScS has upped its full-year guidance after its like-for-like order growth rose by 3.9% in the 52-week period ended 30 July, 2022. In its latest training update, the board said it was “pleased” with its positive trading, strong margin, and effective cost management during the year and therefore expects its…
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4 AugustHigh Street
Next raises profit guidance amid strong sales performance
Next has revealed its sales performance exceeded expectations by £50m, leading the retailer to raise its full-year profit guidance by £10m to £860m. Full price sales were 4.7% stronger than expected in the second quarter to 30 July, which Next said was due to “unusually warm and dry weather in…
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1 AugustClothing & Shoes
Seraphine profits fall below expectations despite revenue growth
Maternity brand Seraphine has revealed its adjusted EBITDA has come in below previously guided expectations despite posting a 33% increase in annual product revenue to £44m. For the 52 weeks to 3 April 2022, it revealed Adjusted EBITDA was down -58.6% to £2.6m (FY21: £6.2m) due to a “number of…
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Jul- 2022 -26 JulyHigh Street
Shoezone ups profit guidance amid ‘better than expected’ trading
Shoe Zone has announced “stronger than expected” trading in its latest update detailing the figures since 29 June, with the company now expecting adjusted profit before tax for FY 2022 to be not less than £9.5m. It said the upturn was due to “higher than expected demand for summer products,…
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