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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Jun- 2020 -15 JuneCoronavirus
Matalan seeks £29m HQ sale
Matalan is reportedly seeking a sale of its Liverpool-based headquarters as it looks to inject more cash into the business as the coronavirus pandemic continues. According to the Sunday Times, the retailer is looking to raise around £28.5m from a sale and leaseback of the property. Reports also suggest that…
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15 JuneCoronavirus
Usdaw urges public to ‘respect shopworkers’ as shops are allowed to reopen
Shopworkers union Usdaw has urged customers to respect staff and employers to ensure safety in stores, as shops are allowed to reopen from today (15 June). The news comes as Usdaw released statistics revealing one in six shop workers have suffered abuse on every shift, during the coronavirus pandemic. The…
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12 JuneCoronavirus
The Works aims to reopen 465 stores next week
The Works has announced it is aiming to reopen 465 stores across England, Northern Ireland and the Republic of Ireland next week. The stationery retailer temporarily closed its stores in March due to government guidelines surrounding the coronavirus pandemic. The company said it is following government safety guidelines and each…
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11 JuneAdvice
Beat the business lockdown blues with these four quick brand creation steps
The ‘New Normal’ that everyone is talking about doesn’t look like it’s going to be up and running for a while yet. Sure, some non-essential shops are opening, but a lot of businesses should be prepared for reduced customer activity and tightened purse-strings. These four straightforward tips can help you…
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11 JuneCoronavirus
Fenwick to reopen all nine UK stores on 15 June
Department store Fenwick revealed that all nine of its UK stores will reopen from Monday (15 June) as lockdown measures begin to ease. Fenwick said in order to prepare for its reopening, each store has undergone “intensive” cleaning both front and back of house, with “extensive social distancing measures implemented”.…
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9 JuneHigh Street
Game to reopen stores across England and Northern Ireland
Game has announced plans to reopen all stores across England and Northern Ireland from Monday 15 June, in line with the latest Government guidance. The video game retailer said all stores in Wales and Scotland are ready to re-open, but will remain closed until current guidelines are lifted. Game is…
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5 JuneCoronavirus
Debenhams prepares to reopen 50 UK sites
Debenhams has announced it is preparing to reopen a 50 of its sites in England in phases from the beginning of next week. The department store announced three stores with street access will open in Northern Ireland on 8 June, including the Belfast flagship, with Debenhams’ two remaining stores in…
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2 JuneCoronavirus
Card Factory profits slide in full-year results
Card Factory has revealed that its underlying profit before tax fell 11.8% to £67.2m for the year ended 31 January 2020. In the same period, like-for-like sales were down 0.5%, reflecting “weak” consumer confidence and a decline in high street footfall in the second half of the year. Nonetheless, the…
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May- 2020 -26 MayCoronavirus
Non-essential retailers set to open in June
Thousands of high street shops, department stores and shopping centres across England are set to reopen next month once they are “Covid-19 secure” and can show customers will be kept safe, Prime Minister Boris Johnson has said. All non-essential retailers including shops selling clothes, shoes, toys, furniture, books, and electronics,…
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26 May
ScS resumes operations amid Covid-19 lockdown
ScS has announced the reopening of 80 stores across England, after temporarily closing operations on 23 March in line with government guidance. The decision to reopen was made “after carefully considering recently updated government guidelines and implementing enhanced health and safety policies and procedures, to protect our people and our…
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