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 -10 JanuaryOnline & Digital
Digital fashion sales fall back in December
Both digital fashion sales and web traffic fell back in December, falling -35% and -121% month-on-month, according to data from True Fit. This dip, True Fit said, “could have been caused by consumers buying early, having already made digital fashion purchases during Black Friday, or were due to shoppers holding…
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6 JanuaryHigh Street
Omicron rise leads to significant footfall drop off
Footfall across all UK retail destinations in December was -18.6% below the 2019 level, the worst result since August and a significant drop off from November when it stood at -14.5% below 2019, according to Springboard. It revealed that footfall in December was “clearly impacted” by the rapid spread of…
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6 JanuaryDIY
B&M ups guidance following strong festive trading
B&M has announced it has raised its guidance for FY22 following a period of “very strong” trading in the run-up to Christmas. The retailer’s EBITDA is now expected to be in the range of £605m to £625m, ahead of analysts’ current estimate of £578m. Although total UK revenue was down…
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6 JanuaryClothing & Shoes
Next Christmas sales beat outlook by £70m
Next has revealed that during the peak Christmas period to 25 December 2021, the retailer recorded £70m more sales than previously expected. As a result of the uptake in sales, the group has increased its full-year pre-tax guidance by £22m to £822m. The group was originally expecting sales growth in…
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Dec- 2021 -23 DecemberSupermarkets
Morrisons to reduce own-brand greenhouse gas emissions
Morrisons has announced it is working with its own-brand suppliers to reduce greenhouse gas emissions, as part of its commitment to lower the amount of carbon emitted in its wider supply chain. Own-brand suppliers will be encouraged to reduce the greenhouse emissions associated with the sourcing, manufacture and transportation of…
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21 DecemberHigh Street
UK high streets suffer as Covid concerns grow
UK high streets saw footfall decline by -2.6% over pre-Christmas weekend, according to the latest figures from Springboard. Although footfall across UK retail destinations rose by 5.5% last week from the week before, it ended with a disappointing performance, felt especially by large city centres, with footfall over the weekend…
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20 DecemberClothing & Shoes
Ted Baker confirms board changes amid death of chairman
Ted Baker has confirmed that a search is currently underway for a new chairman of the board. The search follows the sudden passing of previous chair John Barton on 6 December 2021. In the meantime, it was revealed that Helena Feltham will remain as interim chair. In addition, Andrew Jennings,…
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17 DecemberComment
Why 2022 will be a defining year for UK retail
Retailers are coming out of what has been another challenging year but are undoubtedly now optimistic and looking forward to a prosperous festive season. Early reports paint a positive picture with ONS data showing an 0.8% rise in total sales volume in October, and GfK revealing that consumer confidence is…
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16 DecemberClothing & Shoes
Boohoo warns higher return rates to impact FY22 profits
Boohoo has warned that “significantly” higher return rates will impact profits for the full-year ending 28 February 2022 making it “lower than previously guided”. In a recent trading update for the three months to 30 November 2021, the group said it now expects net sales growth for the full-year to…
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14 DecemberHigh Street
New store openings boost Poundland sales
Poundland owner the Pepco Group has announced that earnings soared by 46% to €647m (£552m) in the full-year ended 30 September 2021, as the group reaped the benefits of new store openings over the period. In its latest full-year results, the budget retailer announced that group revenue was also up,…
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