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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Apr- 2021 -30 April
Amazon sees Q1 profits surge to $8.1bn
Amazon has revealed that net income soared to $8.1bn (£5.8bn) in its first quarter results, up from a net income of $2.5bn (£1.8bn) the year prior, as more customers turned to online shopping amid the global pandemic. In the same period, its net sales increased 44% to $108.5bn (£78bn) in…
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16 AprilSupermarkets
Waitrose to train 100 more fishmongers and butchers
Waitrose has announced its plans to train 100 more fishmongers and butchers as it celebrates 40 years since the opening of its first service counters. The new employees will be taught traditional butchery and fishmonger skills, as well as expert knowledge to help customers when choosing meat and fresh fish.…
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9 AprilHigh Street
Total UK footfall decreases by 69%, BRC tracker finds
Total UK footfall decreased by 68.7% in March (Yo2Y), marking only a 4.9% improvement from February, according to the latest British Retail Consortium (BRC) Sensormatic tracker. The data, which covered the five weeks from 28 February to 3 April 2021, showed that the footfall drop in March was above the…
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6 AprilDepartment Stores
John Lewis to reopen stores
John Lewis has confirmed that it will reopen its shops in England and Wales on 12 April following the latest government guidance. The group will also reopen its newly refurbished Edinburgh shop on 14 May and plans to reopen its Glasgow shop from 26 April. After more than three months…
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6 AprilAdvice
Offering a positive returns experience for retail consumers
Returns are a well-known pain point for retailers. Today returns are being exasperated by online purchases where vetting product quality is notoriously difficult. This means people are buying multiple items of similar descriptions to check the quality before returning those which aren’t up to scratch. Although this may seem like…
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1 AprilHealth & Beauty
Boots UK sees Q2 profits fall 9.2% as sales drop by almost a fifth
Boots UK has revealed that gross profits decreased 9.2% for the second fiscal quarter ended 28 February reflecting lower retail sales and pharmacy volumes. Comparable retail sales for the pharmacy chain’s UK division also saw a decrease of 17.9% as the group continued to be impacted by lower footfall due…
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1 AprilClothing & Shoes
Next raises guidance despite seeing profits halve
Next has increased its forecasted profits for 2022 by £30m, despite seeing its profit before tax falling 53% year-on-year to £342m for the year ended January 2021. The decline in profits was driven by store closures throughout “a significant portion” of the period, as total group sales dropped 17% to…
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Mar- 2021 -31 MarchPeople Moves
Chairman of Eve Sleep to step down
Paul Pindar, the chairman of Eve Sleep, has announced his decision to step down from the role. Pindar, who has held the position as chair for five years, will be replaced by Mike Lloyd, the group’s current chief operating officer (COO). Lloyd has held executive director roles at leading consumer…
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26 MarchClothing & Shoes
Fat Face reveals it was a victim of a cyber attack
Fat Face has revealed it was the subject of an IT hack on 17 January 2021, where it is believed an “unauthorised third party” accessed staff and customer information. The retailer said following an “exercise involving data analysis and categorisation”, it is now contacting a select number of employees, former…
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22 MarchClothing & Shoes
Browns CEO to move into the role of chair
Browns has announced some managerial changes within the company which included the moving of Holli Rogers, CEO, into the role of chair with effect 1 April 2021. As part of the changes, Paul Brennan, COO, will be moving into the newly created role of managing director for where he will…
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