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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Feb- 2021 -2 FebruaryDepartment Stores
John Lewis Partnership to provide care packages to NHS workers
The John Lewis Partnership has announced its partnership with the British Medical Association (BMA) to provide frontline NHS workers with care packages to keep them โrefuelled and refreshedโ as they continue facing extreme pressure caring for patients in UK hospitals. Based on advice from the BMA, these supplies will be…
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Jan- 2021 -25 JanuaryAdvice
Turn the tide in your favour
When customers went to buy groceries online after the latest national lockdown was announced on 4 January, they were met with a sense of deja vu. Surges in traffic to popular grocers like Sainsburyโs and Tesco meant that many customers couldnโt access websites and apps to place food orders and…
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22 JanuaryDepartment Stores
John Lewis repays ยฃ300m to the Treasury early
John Lewis has announced it has repaid ยฃ300m early to the Treasury and the Bank of England Covid Corporate Financing Facility, which was due for repayment on 15 March 2021. The retailer was hit heavily by the impact of Covid-19 and store closures for several months, however the Partnership believes…
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14 JanuaryCoronavirus
Scotland bans click and collect on non-essential retail
Stores in Scotland will no longer be able to provide click and collect services for non-essential retail, as the government attempts to clamp down on the spread of Covid-19. The decision which was announced by first minister Nicola Sturgeon will also see a ban on drinking alcohol outside and people…
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14 JanuaryClothing & Shoes
Boohoo raises guidance as revenue soars
Boohoo has welcomed a period of โstrongโ trading towards the end of last year, with revenue soaring by 40% to ยฃ661m in the four months ended 31 December 2020.ย In light of this trading performance, it now expects group revenue growth for the financial year to 28 February 2021 to…
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13 JanuaryDepartment Stores
John Lewis Partnership to enforce face coverings in stores
John Lewis Partnership has announced it will tighten its Covid-19 rules by insisting that all customers wear a face covering (unless medically exempt or under the required age). To help ensure customers wear the face coverings, marshals will be positioned at the entrances of all supermarkets and will have disposable…
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12 JanuaryOnline & Digital
The Hut Group revenue soars ahead of guidance in Q4
The Hut Group has announced that revenue soared by 51% to ยฃ558.7m in the three months ended 31 December 2020, outperforming a previous guidance of 40% to 45% growth.ย Revenue guidance was initially estimated to be 16% to 25%, but was raised last month following a โstrongโ peak trading performance…
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8 JanuaryNews
Pets at Home raises guidance following sales boost
Pets at Home has raised its full-year guidance following a period of โaccelerated momentumโ in its third quarter of trading.ย Based on its current year-to-date trading, as well as assuming no change to its “essential retailer” designation, it now anticipates full-year pre-tax profit to be ahead of its previous guidance,…
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5 JanuaryNews
Next reports better than expected Christmas sales
Fashion retailer Next has revealed its sales in the nine weeks to 26 December were down 1.1% on last year, a figure which is โmuch betterโ than what the store predicted in October.ย In a post-Christmas trading statement the brand said the โbenefit of better salesโ in November and December…
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Dec- 2020 -23 DecemberAdvice
Four positive signals of a happy new year for retailers in 2021
The resilience of retail has been a remarkable success story of 2020 in the face of continuing huge challenges. The pandemic has forced new ways of trading, from the obvious ways of ensuring COVID-safe spaces to rethinking how to target consumers spending the majority of their lives at home. For…
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