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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Jan- 2020 -14 JanuaryClothing & Shoes
Boohoo reports ‘strong growth’ over Christmas
Boohoo has reported a period of “strong growth” across all its brands in the four months ended 31 December. Total group revenue grew by 44% to £473.7m across all geographical regions, while total UK revenue increased by 42% to £255.8m. The US division also saw revenue increase by 57% to…
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8 JanuaryAnalysis
Greggs going vegan has paid dividends: we can all learn from them
There is an adage about business and entertainment emerging in the conservative media, which is “get woke, go broke”. It translates crudely to, “cave to the demands of social justice activists and you will suffer financially”. And while it is true that some have come a cropper by tilting the…
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3 JanuaryDepartment Stores
Next hikes profit forecast after Christmas sales boost
Next has announced a lift to its full-year profit guidance after strong trading over the festive period. Full price sales rose by 5.2% year-on-year for the period October 27 to December 28, 1.1% more than estimated by the retail giant. Following this result, the retailer’s profit guidance for the full…
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Nov- 2019 -14 NovemberEconomy
Burberry profits rise despite Hong Kong protests ‘dampening’ sales
Burberry has posted pre-tax profit of £193m for the half-year to 28 September, despite recent protests in Hong Kong dampening its sales. Months of protests in Hong Kong have affected the British retailer, but it still managed to increase adjusted operating profits by 14% in the first half of the…
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1 NovemberHigh Street
Phillip Day loses £5.7m equity following Bonmarche collapse
Phillip Day has lost his £5.7m equity investment in Bonmarche, following its collapse into administration last month. Spectre Holdings Ltd, owned by Phillip Day, lost its multi-million investment when administrators from FRP were appointed to handle the administration process, In-Cumbria reported. Spectre provided Bonmarche with working capital and a “cost…
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Oct- 2019 -29 OctoberHigh Street
Boots Q4 sales slip amid ‘challenging’ retail market
Health and beauty retailer Boots has reported a 2.1% decrease in sales in its fourth-quarter results, ending 31 August 2019. The retailer, which is owned by Walgreens Boots Alliance, also reported a 2.7% decrease in retail sales on a constant currency basis, attributing the decline to a retail market that…
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21 OctoberAdvice
How to bring the department store CX to your digital channels
The past few years have been cataclysmic for the health and beauty industry; with new pressures, market forces and trends at play, from sustainability, issues surrounding representation and transparency of supply chain management and ingredients. These moving parts have not been made easier by changes in consumer behaviour and a…
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14 OctoberAdvice
Returns: Can you charge the customer?
“Can I charge for returns?” Well… Yes. But of course, it isn’t quite as simple as that. What to do about returns is one of the biggest challenges facing internet retailing. Fast fashion – and ASOS in particular – have struggled to deal with the increasing tendency for consumers (particularly…
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Sep- 2019 -18 SeptemberHigh Street
Sports Direct to ‘ignore’ deadline in hunt for new auditor
Sports Direct is still searching for a new auditor, amid reports that it could be forced to consult the government for guidance. The retail brand’s auditor Grant Thornton officially resigned after nine years, at the company’s AGM last week (11 September) following a £605m tax bill from Belgian authorities. Shareholder…
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18 SeptemberHigh Street
Kingfisher sales slip in H1 results
DIY retailer Kingfisher has reported a 0.9% decrease in total sales for the six months ended 31 July 2019. Retail profit was down 4.4% in constant currency, which it said was “largely driven” by its French operations, and statutory pre-tax profit dropped by 12.5%, after exceptional items. B&Q’s total sales…
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