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- 2020 -10 MarchHigh Street
DFS sales slide amid ‘challenging’ conditions
DFS has announced that its group revenue fell by 5.7% to £488m in the half-year period ended 29 December 2019. The furniture retailer said that such results were “as expected” against a “strong” comparative period, however, which was bolstered by “latent demand” and a higher opening order book. Meanwhile, gross…
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4 MarchShopping Centres
Intu abandons £1bn equity raise plans
Intu revealed it has abandoned plans to raise between £1bn and £1.5bn in emergency cash, citing “current uncertainty” in the equity markets. The retail property group had previously announced it was reviewing a “range” of options to fix its balance sheet and establish a “more appropriate” long-term capital structure. In…
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Feb- 2020 -24 FebruaryAnalysis
Global stocks react badly to coronavirus update
It looks like efforts to contain the coronavirus outbreak have not been entirely successful, and stock markets around the world are now beginning to react more profoundly than before. The FTSE 100 was down almost 3.3% at the time of writing, from 7,403 points to 7,159. For those not familiar…
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12 FebruaryDIY
Inter Ikea appoints new CEO
Inter Ikea has announced that Torbjörn Lööf, who has been the company’s CEO for the past seven years, is to step down from his role and will be replaced by Jon Abrahamsson Ring. To ensure a “good handover”, Ikea said Ring, who is a former assistant to Ikea founder Ingvar…
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7 FebruaryLuxury Goods
Burberry warns on sales impact from coronavirus outbreak
Luxury fashion retailer Burberry has warned that its sales for the year ended March 2020 will be impacted by the recent coronavirus outbreak. Burberry said its recent guidance for the current financial year “predates the impact”, and currently 24 of its 64 stores in mainland China are closed with remaining…
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3 FebruarySport & Leisure
Angling Direct appoints new board director
Angling Direct has announced that Dilys Maltby will join the board of the company as a non-executive director with immediate effect. The fishing tackle retailer said that Maltby has a “strong track record” in advising international consumer brands on their “purpose, brand strategy and proposition”. She will now be working…
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Jan- 2020 -22 JanuaryHigh Street
Pets at Home revenues jump in Q3 results
Pets at Home has reported a 7.9% increase in group total revenues to £255.9m in its third-quarter results. The pet retailer said this was driven by “record-breaking” retail performance during the period, including its “biggest ever” online and offline trading days. It also launched a further nine new format pet…
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20 JanuaryComment
The rise of CBD and what it means for retail
Rewind two or three years and CBD wasn’t even on the radar of the UK retail sector; now it’s a £300m industry. To date over 6 million adults have put CBD to the test and the industry shows no signs of slowing down. Given the size of the market in…
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16 JanuaryDIY
Halfords hails ‘strong’ Q3 sales performance
Halfords has reported a “solid” performance in its third quarter of trading, with total group revenue up 4.6%. In the 14 weeks ended 3 January 2020, like-for-like revenue was also up 1.3%. Retail cycling delivered “strong sales growth” in particular, with like-for-like sales increasing 5.9% in the period. Halfords said…
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15 JanuaryHigh Street
Moody’s downgrades M&S credit score to negative
Moody’s has downgraded Marks and Spencer’s outlook from stable to negative after it reported a 0.7% decline in revenues in its third quarter of the current financial year to £3bn. In referencing the decision Moody’s said that the “continued decline” in Marks and Spencer’s clothing and home like-for-like sales, which…
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