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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Apr- 2022 -12 AprilClothing & Shoes
Asos swings to loss and predicts further ยฃ14m hit from Russia exit
Asos has revealed its pre-tax profits fell 115% year-on-year from ยฃ106.4m to a pre-tax loss of ยฃ15.8m in the six months to 28 February 2022 (H1 FY21).ย The company also said it is expected to take a further ยฃ14m hit following its decision to suspend sales in Russia, with revenue…
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11 AprilClothing & Shoes
Mothercare ups guidance but warns on impact of Russian closures
Mothercare has announced that EBITDA is now expected to be in the range of ยฃ11.5m to ยฃ12m for the year ended 26 March 2022, ahead of analystsโ expectations, despite warning of the effects of the closure of its business in Russia. The anticipated higher earnings are reportedly due to a…
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4 AprilDepartment Stores
Demolition plans for M&S flagship site to be reconsidered
Sadiq Khan is reportedly reconsidering previous plans to demolish Marks and Spencerโs flagship store on Oxford Street following ongoing backlash over the decision.ย According to Architects Journal, City Hall officials will now review proposals to demolish the site after they initially decided โnot to interveneโ in the application. Simon Sturgis,…
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Mar- 2022 -24 MarchClothing & Shoes
Next hit with ยฃ85m sales loss amid Ukraine and Russia closures
Next has revealed it has lowered its sales guidance for the financial year 2022/23 to ยฃ85m, down 2% following โanticipated losses overseasโ amid the closure of the companyโs websites in Ukraine and Russia. The company has also lowered its profit guidance by 1.2% to ยฃ10m following the loss of ยฃ18m…
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21 MarchHealth & Beauty
Boots to pay for employeesโ HRT prescriptions in new menopause package
Boots has announced that it will cover the cost of its team membersโ prescriptions for those able and wanting to take Hormone Replacement Treatment (HRT), effective from April 2022. Up to 80% of Bootsโ team across the UK are made up of women, as part of its plan to create…
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18 MarchClothing & Shoes
Sycamore Partners eyes Ted Baker takeover bid
American private equity firm Sycamore Partners is reportedly considering a takeover bid for Ted Baker, according to Sky News. The outlet reports that Sycamore has appointed advisers Numis to help it evaluate a potential offer, with one source cited claiming it was considering approaching the board of the british fashion…
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17 MarchNews
Deliveroo losses widen to ยฃ298m despite surging revenues
Deliveroo has announced a loss before income tax of ยฃ298m in comparison to ยฃ213m in 2020 during its FY21.ย According to the company this was due to increased marketing and staff costs as well as a reduction in relief grants introduced in 2020 as a consequence of the impact of…
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10 MarchOnline & Digital
Boohoo eyes FY22 profits of ยฃ125m as sales surge 14%
Boohoo group plc has revealed it expects adjusted EBITDA for the 12 months ending 28 February 2022 (FY22) to reach approximately ยฃ125m, subject to audit, which is in line with prior guidance issued in December and market expectations. The announcement comes as Boohoo reported sales growth of 14% in FY22,…
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8 MarchEconomy
Consumer spending surges 13.7% in February
Consumer card spending grew year-on-year by 13.7% in February, the highest growth since November 2021, as the economy reopened following the lifting of Plan B restrictions and work-from-home guidance. Data from Barclaycard revealed that spending on essential items rose 12% in February, driven by an 11.2% rise in fuel prices…
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3 MarchComment
Why buying into digital transformation makes good business sense for retailers
Itโs an understatement to say that COVID-19 โ and the restrictions imposed on businesses as a result of it โ have triggered change within the retail sector. Over 15,000 shops and 188,000 retail jobs were lost in the first twelve months of the pandemic, and 2020 has since been confirmed…
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