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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May- 2019 -29 MayHigh Street
WHSmith ranked worst retailer in Which? Survey
WHSmith has finished bottom of Which?’s annual UK high street shops survey rankings of more than 100 shops, while specialist retailers came out on top. The annual survey of more than 7,700 Which? members looked at the bricks-and-mortar shops offering the best in-store experiences. WHSmith finished with a customer score…
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2 MayClothing & Shoes
Zalando starts 2019 with ‘strong and profitable growth’
Zalando has said it “successfully expanded its customer reach” as it saw revenues and profits jump for the first quarter of 2019. It revealed that revenues increased by 15.2% to £1.2bn and its adjusted EBITDA increase from £0.3m to £5.5m. Zalando attributed the rise to its active customers increasing by…
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1 MayClothing & Shoes
Next sees profits rise following ‘unusually warm’ weather
Next has announced a better than expected profit rise following “unusually warm weather” during the first quarter of 2019. The retailer reported a 4.5% rise on 2018’s figures for full-price sales in the quarter leading up to 27 April. The full-price sales rise falls ahead of the retailer’s initial target…
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Apr- 2019 -15 AprilHigh Street
Mike Ashley warned over plans for retail ‘oligopoly’
Former Marks and Spencer boss Lord Stuart Rose has warned Mike Ashley over plans for a retail ‘oligopoly’, following his attempted acquisition of embattled department store chain Debenhams. According to a report by Aol.com, Rose said he would “think twice about building an empire of high street chains”, and he…
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15 AprilDepartment Stores
Debenhams CEO expected to step down
Debenhams CEO Sergio Bucher is expected to step down in the next few days, after lenders took control of the embattled department store’s chain last week. A source close to Bucher told the BBC: “Having stayed on and got the refinancing in place, Sergio thinks now would be the right…
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10 AprilClothing & Shoes
Asos hit by 87% profit fall
Online clothing retailer, Asos has announced an 87% fall in pre-tax profits down to £4m for the six months leading up to 28 February, against results for the same period during the 2018 financial year. The retailer blamed its profit plunge on a difficult year caused by “heavy discounting” and…
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9 AprilAnalysis
The ultimate guide to creating a positive CX for mobile
Customer experience (CX) has the power to shape a consumer’s perception of your brand, with research showing that a positive customer experience can have a huge impact in terms of brand loyalty, conversion rates and sales. For this reason, creating a positive CX – by providing customers with an enjoyable…
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9 AprilDepartment Stores
Debenhams enters pre-pack administration
Debenhams has entered pre-pack administration and gone into the control of its lenders following the department store’s rejection of Sports Direct’s offer to underwrite £150m equity issuance. The pre-pack administration will see all of the company’s shareholders – including Sports Direct which has a 30% stake – wiped out and…
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2 AprilClothing & Shoes
Bonmarche stores and jobs at risk after Philip Day acquisition
Bonmarche stores and jobs have been put at risk after Edinburgh Woolen Mill owner Philip Day acquired the clothing retailer for £5.7m. Day told the BBC that if his deal was successful, it would see a “store-by-store profitability assessment” in order to close under-performing stores unless it could implement a…
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Mar- 2019 -21 MarchClothing & Shoes
Next sees profits dip as store sales continue to fall
Next has announced a dip in its annual profits as the decline of its physical store sales continues. The fashion retailer’s pre-tax profits for the year to January were in line with expectations at £722.9m, a fall of 0.4%, this was attributed to store sales decreasing by 8% from…
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