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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Jan- 2022 -24 JanuaryEconomy
2021 footfall found to be 31% lower than in 2019
Footfall across all UK retail destinations was โ31.1% lower than in 2019, but up from -39.1% in 2020, with retail parks continuing to display a โnotable resilienceโ than either high streets or shopping centres in retaining footfall, according to Springboardโs 2021 report. Springboard said that โit was the three month…
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21 JanuaryCoronavirus
December retail sales dented by Omicron
Retail sales across the UK were dampened by the impact of Omicron last month, as volumes of sales fell by 3.7% in December 2021, according to the latest figures from the Office for National Statistics.ย While this was the largest monthly fall since January 2021, which saw a decline of…
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18 JanuaryEconomy
Footfall rise shows first signs of return to office
Footfall across UK retail destinations rose by 1.5% last week from the week before, according to Springboard. High streets were responsible for the majority of the rise, where footfall rose by 7.2%, indicating what Springboard said are the โfirst signs of confidence in returning to the officeโ. In comparison, footfall…
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13 JanuaryCoronavirus
Next cuts sick pay for isolating staff who are unvaccinated
Next has reportedly cut sick pay for staff who are unvaccinated and are forced to isolate due to contact with someone who has tested positive, according to the BBC. The BBC said that staff who are unvaccinated and test positive themselves will still get full sick pay. It added that…
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13 JanuarySport & Leisure
Halfords golden quarter boosted by autocentres
Halfords has announced that total revenue rose by 13.9% on a two-year basis in the quarter ended 31 December 2021, as like-for-like retail sales rose by 5.6%, with a particularly strong performance in October and November. While sales dropped off in the latter part of the period in light of…
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13 JanuaryNews
Tesco expects profits to hit ยฃ2.6bn amid strong Xmas trading
Tesco has set a new profit guidance of ยฃ2.6b after a stronger than expected Christmas period, according to its latest trading report for the 19 weeks ended 8 January 2022. It revealed the retailer has seen further growth on top of an โexceptionalโ performance last year, with shares sitting at…
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13 JanuaryClothing & Shoes
Asos to move to main stock market amid sales boost
Asos has announced its intention to move to London Stock Exchange’s Main Market at the end of February 2022 after recording โrobustโ sales for the four months ended 31 December 2021. During the period, revenue grew 5% to ยฃ1.4bn, up from ยฃ1.36bn the previous year. As a result, the retailer…
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12 JanuaryNews
Sainsburyโs upgrades profit forecast amid strong Xmas trading
Sainsburyโs has revealed it expects to report underlying profit before tax of at least ยฃ720m in the financial year to March 2022, according to its Third Quarter Trading Statement for the 16 weeks to 8 January 2022. It revealed the retailerโs โboldโ investments in value, new products and service have…
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12 JanuaryDIY
Dunelm ups guidance amid โrecordโ quarter
Dunelm has welcomed a โrecordโ quarter of trading in recent weeks, and now expects its half-year profit to be around ยฃ140m, up from ยฃ112m the prior year, with full-year results expected to be ahead of previous guidance.ย It comes as the retailer saw total sales hit ยฃ407m in the quarter…
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11 JanuaryHigh Street
Footfall declines as workers stay away from office
Footfall declined by -6% last week across all UK destinations from the week before, but working from home continued to heavily influence footfall with footfall dropping by -25.6% in Central London, according to Springboard. In comparison, local high streets experienced a far more modest decline from the week before; in…
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