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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Mar- 2021 -12 MarchLuxury Goods
Burberry upgrades Q4 guidance
Burberry has announced that ahead of its trading update, the group anticipates its fourth quarter results to be โbetter than expectedโ with an adjusted operating margin to be in the range of 15.5% to 16.5%. The retailer has estimated that its comparable store retail sales in Q4 FY2021 will range…
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10 MarchLuxury Goods
Pandora posts 12% organic growth in February
Luxury jewellery retailer Pandora has reported a year-on-year organic growth of 12% for February 2021.ย The month also represented a year-on-year total sell-out growth of 7%, while the quarter to date achieved 4% organic and 1% sell-out expansions when compared to Q1 of FY20. The results are part of a…
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4 MarchHigh Street
B&M raises FY21 guidance amid strong Q4 trading
B&M has raised its full-year guidance for the financial year ended 27 March 2021, as revenue has risen 22.5% in its fourth quarter to date, despite โuncertaintiesโ remaining regarding the Covid-19 pandemic. Following this strong trading, B&M expects its EBITDA for the full-year to be in the range of ยฃ590m…
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Feb- 2021 -26 FebruaryNews
Pets at Home raises guidance amid strong Q4 trading
Pets at Home has once again raised its profit forecast as the group continues to see strong trading and rising demand in the pet sector.ย In light of its trading year-to-date, it now anticipates full-year underlying pre-tax profit, including the previously announced repayment of business rates relief of ยฃ28.9m, to…
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23 FebruaryCoronavirus
Frasers warns of ยฃ100m lockdown hit
Mike Ashleyโs Frasers Group has announced it currently expects to take a hit in excess of ยฃ100m due to the impact of Covid-19 lockdown restrictions on non-essential retailers. The announcement comes in response to the prime ministerโs reopening roadmap unveiled yesterday (22 February) that sees non-essential retailers such as the…
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22 FebruaryClothing & Shoes
Shoe Zone finance director steps down
Shoe Zone has announced that Peter Foot, its finance director, has left the company with immediate effect. The board has reportedly started the search for a replacement, with a further announcement due to be made once an appointment has been selected. The departure follows the retailer’s recent FY 2020 expected…
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15 FebruaryCoronavirus
Government eyes third rent moratorium extension
The government is reportedly drawing up plans to extend the current rent moratorium that bans landlords from being able to pursue commercial tenants for unpaid rent or evict them. According to The Sunday Times, the business department and the Ministry of Housing, Communities and Local Government have been in discussions…
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12 FebruaryClothing & Shoes
Shoe Zone expects to report ยฃ14.6m FY loss
Shoe Zone has announced that ahead of its FY 2020 results, it expects to report a statutory loss before tax of approximately ยฃ14.6m an increase from ยฃ11.3m in 2019. The group also expects to report revenues of approximately ยฃ122.6m, dropping from ยฃ162m the previous year. The increase in the anticipated…
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10 FebruaryComment
David Berkley QC: Interruption and insurance in the age of Covid
As we emerge from one of the most tumultuous periods in living memory, it perhaps comes as little surprise that insurance has been thrust into the spotlight. The unprecedented impact of the pandemic has brought a renewed focus to the issue of business security and, more specifically, business interruption coverage.ย …
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4 FebruaryLuxury Goods
โRobustโ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group revenue up by 6.6% to ยฃ272.6m despite the ongoing pandemic. This was bolstered by a โrobustโ e-commerce performance in the UK, which offset continued store closures throughout the period.ย UK…
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