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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May- 2021 -25 MayHigh Street
Mothercare sales plunge 40% in FY21
Mothercare has revealed that sales in its unaudited full-year results are set to plunge 40% to £326m, reflecting the impact of the pandemic on the global markets in which its franchisees operate. The group said the impact of Covid-19 has “varied enormously” by market as countries have addressed the pandemic…
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24 MayLuxury Goods
Capri announces boardroom changes
Capri Holdings, a global luxury fashion group, has announced that M William Benedetto is set to retire from his role as lead director at the group on 28 July 2021. Benedetto has worked at the owner of Michael Kors, Jimmy Choo, and Versace since 2011, serving on the audit committee,…
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20 MayClothing & Shoes
Mytheresa Q3 sales jump 47.5% to £142m
MYT Netherlands Parent BV, the parent company of luxury fashion and designer firm Mytheresa, saw its net sales for Q3 FY21 rise 47.5% year-on-year to €164.8m (£142.2m). The group’s adjusted EBITDA for the period ended 31 March 2021 more than tripled to €11.1m (£9.58m), up from €3.1m (£2.67m) last year.…
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20 MayDIY
Kingfisher raises guidance as Q1 sales soar 60%
Kingfisher has increased its profit forecast for the year after total sales for the first quarter of 2021 came to £3.44bn, resulting in a 60% year-on-year increase. The B&Q parent company saw like-for-like sales grow by 64.2% over the period compared to last year and posted a 22.5% rise when…
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13 MayDepartment Stores
John Lewis to reopen Edinburgh store following refurb
John Lewis has announced the reopening of its Edinburgh store on 14 May 2021 after the site has undergone a multi-million pound refurbishment. The shop, which is located within the new St James Quarter, boasts a brand new range of services and experiences. This includes a beauty studio, personal styling…
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11 MaySupermarkets
Morrisons predicts stronger profits amid sales surge
Morrison’s has predicted that net debt for the year will be no higher than pre-pandemic levels and that profit before tax will grow to more than the £431m the group achieved last year had the group not waived its right to £230m business rates relief. The news follows the supermarket’s…
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11 MayClothing & Shoes
Joules raises full-year guidance amid ‘encouraging’ trading
Joules has announced it has raised both its revenue and pre-tax profit guidance after being “encouraged” by recent momentum across its retail channels. In its latest update for the 11 months to 2 May 2021, the group said it has continued to deliver a “positive performance” across its retail channels…
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6 MayClothing & Shoes
Next increases full-year profit guidance to £720m amid sales surge
Next has increased its pre-tax profits guidance for the full year to £720m from £700m after seeing a surge in sales. The retailer previously forecasted that in its 13 weeks to 1 May, sales would be down by 10%, however due to a 65% increase in online sales and Covid-19…
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6 MayClothing & Shoes
Zalando raises FY guidance amid strong Q1 performance
Zalando has upgraded its full-year guidance after delivering its “strongest growth ever” since going public in 2014. It comes as it reported Q1 revenues of €2.2bn (£1.9bn) and profits of €93.3m (£80.7m), a YOY increase of 46.8% and 4.2% respectively. The company now expects Gross Merchandise Volume (GMV) to grow…
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Apr- 2021 -30 AprilClothing & Shoes
Gym+Coffee welcomes One Direction backer
Irish-based athleisure brand Gym+Coffee has announced that One Direction’s Niall Horan has become an investor in the group. As a shareholder, Horan aims to support the business while raising the profile of the brand internationally. Founded in 2017, Gym+Coffee expanded its store portfolio in 2020 with the opening of a…
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