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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Jul- 2021 -12 JulyEconomy
Footfall flatlines in June
Footfall from shoppers in the UK plateaued despite social distancing restrictions remaining largely the same, according to new data from the British Retail Consortium (BRC). The latest Footfall Monitor from BRC and Sensormatic found that overall footfall in the UK dropped by 27.6% in June compared to the same month…
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12 JulyComment
Getting email right for a successful Christmas season
Annual retail sales and profits skyrocket over the Christmas season, According to the National Retail Federation, Christmas sales can be 20-40% of a retailer’s annual sales. Given the stop-start nature of 2021, most UK retailers want to close out with the biggest revenues they can this year. During the pandemic,…
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6 JulySupermarkets
Sainsbury’s raises FY22 guidance amid rising sales
Sainsbury’s has raised its full-year guidance for the financial year ended March 2022, with its underlying profit-before-tax now expected to be at least £660m, up from the previously forecasted £620m, with progress weighted towards the first half. The news follows the supermarket chain’s Q1 trading statement for the 16 weeks…
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Jun- 2021 -24 JuneNews
Poundland owner revenues up 9% in H1
Pepco Group, the owner of Poundland, has welcomed a “positive trading performance” in its H1 results, reporting total revenue growth of 9%. Its trading stores saw a like-for-like growth of 5%, which was consistent with the past three years’ performance pre-pandemic. Group like-for-like sales fell by 2.1%, however, reflecting the…
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18 JuneSupermarkets
Tesco sees sales slow in Q1
Tesco has revealed that group retail sales for the 13 weeks ended 29 May 2021 increased 1% on a like-for-like basis compared with 2019, which saw a 9.3% increase, despite the supermarket being open during the lockdown periods. Across the board, UK sales grew by only 0.5% to £10bn, accounting…
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17 JuneClothing & Shoes
N Brown returns to growth in Q1
N Brown saw a return to growth in Q1 FY22 as group revenues climbed 0.5% year-on-year to £168.7m during the period. Revenues at the retailer’s strategic brands, which included Jacamo, Simply Be, JD Williams, Ambrose Wilson, and Home Essentials, spiked 15.5% when compared to Q1 FY21. This has come as…
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17 JuneClothing & Shoes
Dr Martens profits drop 30% amid IPO related costs
Footwear retailer, Dr Martens has revealed that its profit before tax dropped 30% to £70.9m from £101m for the year ended 31 March 2021 which was attributed to the £80.5m cost related to its London Stock Exchange IPO. Profit was also impacted by the group’s repayment of £1.3m in furlough…
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8 JuneGovernment
Gov launches new workers’ rights watchdog to clamp down on abuse
The department for business, energy and industrial strategy has announced that a new watchdog will be created to protect the rights of UK workers. The news follows several calls from trade bodies which have been advocating for workers’ protective rights since the pandemic saw an 80% spike in verbal abuse.…
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7 JuneOnline & Digital
Amazon Small Business Accelerator launches exporting bootcamps
Amazon has announced the first two exporting events in a series with the Department for International Trade providing startups, and small and medium-sized businesses with free advice to help them sell their products globally on Amazon’s stores and beyond. The events are part of Amazon Small Business Accelerator, a support…
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1 JuneDIY
Wickes edges up FY guidance amid strong sales
Wickes Group has anticipated that its half-year profits will reach £45m and that its full year adjusted profits will range between £55m and £74m, following “better than expected” sales growth. The news follows the retailer’s recent trading update for the 21 weeks to 22 May which saw total like for…
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