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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Mar- 2022 -3 MarchClothing & Shoes
Victoriaโs Secret lowers FY22 forecast despite 25% sales surge
Victoriaโs Secret and Co. has lowered its Q1 FY22 operating income forecast to be in the range of $80m (ยฃ59.78m) to $110m (ยฃ82.19m), compared to $225.7m (ยฃ168.65m) in 2021, amid supply chain cost pressures and anniversarying last yearโs federal stimulus benefits. Overall, its operating income increased to $869.5m (ยฃ649.73m) in…
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Feb- 2022 -28 FebruarySupermarkets
McCollโs confirms talks with banks as it fights insolvency
McCollโs Retail Group plc is reportedly trying to secure new funding to prevent its collapse, with millions of pounds of its bank debt being sold to hedge funds, according to Sky News. The outlet said McColl’s is working with advisers on attempts to find a buyer or third parties willing…
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23 FebruaryClothing & Shoes
Ted Baker Q4 sales jump 35%
Ted Baker Plc has announced its group sales increased 35% year-on-year in the 12-week period from 7 November 2021 to 29 January 2022 (Q4), and up from 18% reported in Q3, despite Omicron headwinds. Compared to pre-pandemic levels for the period, retail sales were running at -10% before Omicron warnings,…
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22 FebruaryCoronavirus
Gov’s living with Covid strategy ‘first step to normality’, says CBI
The CBI has called the governmentโs โliving with Covidโ plan the โfirst step to normalityโ but warned that businesses still need further guidance on issues such as sick pay and employer liability. The news comes after prime minister Boris Johnson announced yesterday (21 February) that the legal requirement for people…
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22 FebruarySport & Leisure
Angling Direct ups guidance following year of strong sales
Angling Direct has upped its full-year guidance following a full year of strong trading, expecting to report a 7.2% increase in revenue for FY22 to ยฃ72.5m, against FY21 sales of ยฃ67.6m, representing a 36.3% increase on a two-year basis.ย The group said this โstrong performanceโ was achieved despite all of…
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9 FebruarySport & Leisure
Peloton to slash 2,800 roles as part of restructure
Peloton has announced that it is set to slash around 2,800 roles as part of a series of measures to โposition the business for long-term growth while establishing a clear path to consistent profitabilityโ.ย Following the restructure, the fitness group said it expects to achieve at least $800m (ยฃ590m) of…
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8 FebruaryHigh Street
Consumer spending slows in January
Consumer card spending rose by only 7.4% in January compared to the same period in 2020, marking the smallest uplift since April 2021, as spending was dampened by ongoing Plan B restrictions, inflation, and rising energy costs. Data from Barclaycard found that spending on essential items grew by 10.4%, the…
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1 FebruaryClothing & Shoes
Joules lowers profit forecast amid Covid and supply chain disruptions
Joules has reported its pre-tax profits fell to ยฃ2.6m in the six months ending 28 November 2021 (FY22), compared to ยฃ3.7m in FY21. The group announced that pre-tax profits for the full year is now expected to be ยฃ5m, down from the ยฃ10m to ยฃ12m previously forecast. Meanwhile, revenues hit…
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Jan- 2022 -26 JanuaryClothing & Shoes
ASOS and Anti-Slavery International sign new partnership
Asos has signed a new three-year partnership with Anti-Slavery International to support the company in delivering its Fashion with Integrity 2030 programme. Anti-Slavery International has been a partner with Asos since 2017, providing advice, guidance and critique on ethical trade and tackling modern slavery. Under the new agreement, Anti-Slavery International…
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26 JanuaryHigh Street
Pets at Home ups profit guidance to ยฃ140m
The Pets at Home Group has reported its total group revenues grew by 5.8% to ยฃ319.4m over the 12 week period from 8 October to 30 December 2021, and the group has now upped its full year pre-tax profits forecast to ยฃ140m for FY22. Despite supply chain pressures, group like-for-like…
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