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.
-
Oct- 2020 -26 OctoberOnline & Digital
Hut Group raises forecast amid ‘strong’ trading period
The Hut Group has announced that group revenue soared by 38.6% to £378.1m in the three months ended 30 September 2020. This represents an acceleration against the reported H1 2020 revenue growth rate of 35.8%. In the same period, direct-to-consumer online revenues surged by 51.3% to £320.2m year-on-year, compared to…
Read More » -
21 OctoberOnline & Digital
BRC launches toolkit to combat retail cyber attacks
The British Retail Consortium (BRC) has developed a new toolkit which supports business leaders in taking steps to reduce the threat of a cyber attack in the retail sector. Experts from the National Cyber Security Centre (NCSC) have assisted in the production of the BRC’s toolkit. The ‘Cyber Resilience Toolkit…
Read More » -
6 OctoberLuxury Goods
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
Read More » -
Sep- 2020 -29 SeptemberDIY
B&M raises guidance following ‘strong’ H1
B&M has welcomed “strong” revenue growth in its first-half of trading, reporting group revenue growth of 25.3% in the period ended 26 September 2020. In its latest first-half trading update, the group said B&M UK stores generated revenue growth of 29.5%, including like-for-like growth of 23%. Trading momentum at B&M…
Read More » -
21 SeptemberClothing & Shoes
Superdry swings to £42m loss in full-year results
Superdry announced it has swung to a pre-tax loss of £41.8m in the full-year ended 25 April, 2020, with underlying profit before tax down by 210% against the prior year. In addition, total revenue fell by 19.2% to £704.4m in the period, reflecting a “planned move away” from persistent discounting,…
Read More » -
17 SeptemberDepartment Stores
Next raises forecast amid ‘resilient’ performance
Next has announced that full price sales were down by 33% in the first half of the year, following the impact of the pandemic. Full price sales in the last seven weeks of trading were up 4% on last year, however, with the group welcoming a “strong start” with sales…
Read More » -
10 SeptemberOnline & Digital
Online sales soar at Dunelm
Dunelm pre-tax profit fell by 13.3% to £109m in the full-year ended 27 June 2020, while total sales were down by 3.9% in the period, reflecting the impact of Covid-19. Before the crisis hit, however, total sales increased by 6.8% in the eight months to February, supported by an 8.8%…
Read More » -
7 SeptemberNews
Eve Sleep reports summer sales boost
E-commerce mattress brand Eve Sleep saw strong trading between May and July, and now expects revenues of at least £22m for the year ended 31 December 2020. The brand, which operates in the UK, Ireland and France, said since then trading patterns have remained above the board’s expectations. The group’s…
Read More » -
1 SeptemberCoronavirus
Dunelm sales ahead of expectations post-lockdown
Dunelm has reported that sales have been “strong” in the last two months, with total year-on-year sales growth up 59% in July. In addition, sales were up by 24% in August against last year, outperforming the group’s initial expectations. In its latest trading update, the homeware retailer said that this…
Read More » -
Aug- 2020 -21 AugustClothing & Shoes
TK Maxx owner suffers £161m Q2 loss
TJX Companies, the owner of fashion retailer TK Maxx, has reported a net loss of $214m (£161m) for the second quarter of the year, despite better than expected sales. It reported net sales for the three month period ending 1 August 2020 for $6.7bn (£5bn) down from $9.7bn (£7.3bn). Overall…
Read More »
