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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Dec- 2021 -14 DecemberClothing & Shoes
Joules lowers H1 profit guidance amid global supply issues
Retailer Joules expects to report lower pre-tax profits for the 26-week period ending 28 November ranging from £2m to £2.5m, compared with last year’s result of £3.7m. The lower profit expectation was attributed to the “well-documented” global supply chain issues which have resulted in some higher costs and stock delays…
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10 DecemberEconomy
Plan B to ‘significantly’ impact footfall, report finds
There will reportedly be a significant impact on footfall in UK retail destinations following the government’s announcement regarding Plan B, which includes guidance to work from home, according to retail experts Springboard. According to Springboard, in Central London and city centres outside of the capital, footfall is currently -20% below…
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6 DecemberClothing & Shoes
Ted Baker chairman John Barton dies
Ted Baker has announced with “great sadness” the sudden death of its chairman, John Barton. The announcement was made by CEO Rachel Osborne this morning. Helena Feltham will assume the role of interim chairman with immediate effect. Rachel Osborne, CEO, said: “John was a source of great wisdom for me…
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3 DecemberDIY
Wickes ups profit guidance amid ‘strong’ Q4 sales
Wickes has increased its full-year earnings expectations after a “strong” fourth-quarter trading period, with profit expected to be no less than £83m. It revealed the firm has “benefitted” from its “balanced business model”, with sales in line with expectations. Delivered sales in Do It For Me (DIFM) are “strengthening” as…
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1 DecemberSupermarkets
Plastic packaging in supermarkets falls by 10%
Plastic packaging across UK supermarkets has fallen by 10% since 2018, while “problematic and unnecessary” single-use plastic items used by retailers and manufacturers have been slashed by 46% in the same period. The findings come from UK Plastics Pact’s third annual report, which is published by global NGO WRAP. The…
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Nov- 2021 -25 NovemberClothing & Shoes
Mothercare swings to profit in half-year results
Mothercare has welcomed a return to profit in its latest half-year results, reporting a pre-tax profit of £3.6m in the period ended 25 September 2021, up from a loss of £13.2m the prior year. It comes as the group said it had put initiatives in place to help improve its…
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24 NovemberClothing & Shoes
Gap cuts 2021 guidance as supply chain woes dent sales
Gap has lowered its full-year guidance after it revealed supply chain disruption has dented its Q3 sales and led to higher expenses. In a trading update for the quarter, Gap said it now expects revenues to grow around 20% for the year compared with previous estimations of 30%. It also…
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19 NovemberDIY
Kingfisher profits to reach top end of forecast after strong Q3
Kingfisher believes its full-year profit will be at the top end of guidance after welcoming a strong sales performance in its third quarter of trading, with positive results seen across both its retail and trade channels on a two-year basis. Two-year LFL sales were up by 15% in the period,…
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10 NovemberSport & Leisure
Halfords raises FY22 guidance amid sales surge
Halfords has lifted its guidance for FY22 following what was a “strong” first-half performance, which saw a total growth of 19.2% against the same period in FY20. The motor and cycling giant now expects its full-year profit-before-tax to be in the range of £80m to £90m, up from a previous…
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3 NovemberClothing & Shoes
Next predicts sales slowdown as supply chain issues continue
Next has warned that it expects its sales growth to slow throughout the remainder of the year as pent‐up demand begins to diminish and supply chain problems continue to affect trade. Despite stock availability improving, the retailer said it still remains a “challenge”, with delays in the international supply chain…
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