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.
-
Dec- 2018 -5 DecemberGovernment
Government clarifies details of new business rates relief
The Ministry of Housing, Communities and Local Government (MHCLG) has published guidance on the details of how business rates discounts first announced in this year’s Budget will be allocated. During the Budget on 29 October, chancellor Philip Hammond announced that businesses with a rateable value of under £51,000 would receive…
Read More » -
Nov- 2018 -28 NovemberClothing & Shoes
H&M to scrap Cheap Monday brand leaving 80 jobs affected
H&M has announced it is to close down its Cheap Monday brand blaming “a negative trend in the Cheap Monday’s sales and profits over a long time”. The fashion retailer said the fashion industry is “in a period of extensive change as a result of ongoing digitalisation” and as such…
Read More » -
20 NovemberClothing & Shoes
‘Challenging market’ sees Bonmarché profits fall
Bonmarché has seen its profits fall by 21% for the first half of the year, attributed to “weaker consumer sentiment” in a “challenging market”. The fashion retailer reported for the period ending 29 September underlying profit before tax was £3.3m, almost £1m lower when compared with the same period the previous…
Read More » -
8 NovemberClothing & Shoes
Burberry sees profits jump 36%
Burberry has reported a 36% rise in profits for the 26 week period ending 29 September 2018, despite seeing a drop in revenues. Sales declined 3% during the period to £1.22bn compared with the £1.26bn recorded the previous year, however operating profit jumped 36% from £127m in 2017 to £173m…
Read More » -
6 NovemberHigh Street
Pandora reduces FY expectations amid ‘unsatisfactory Q3’
Pandora has reduced its full-year expectations after experiencing an “unsatisfactory” third quarter in 2018. In Q3 group revenue decreased 3% in local currency due to “timing of shipments, change of inventory levels in the wholesale channel and negative total like-for-like”. Revenue from its estore increased 52% in local currency, up…
Read More » -
Oct- 2018 -17 OctoberClothing & Shoes
ASOS reports 26% sales increase
Online fashion retailer ASOS has posted a 26% increase in its sales to £2.4bn compared with £1.9bn the previous year. UK retail sales accounted for £861m while its international retail sales amounted to £1.5bn for the full year to 31 August 2018. The group’s revenues also grew by 26% to…
Read More » -
Sep- 2018 -25 SeptemberClothing & Shoes
Next remains ‘cautious’ despite sales increase
High street retailer Next has posted a sales increase of 4.5% for the half year ending July 2018 but said it remained “cautious” in its outlook for the rest of the year. The retailer’s in-store sales amounted to £925.1m while its online sales were £892.3m for the six months. The…
Read More » -
11 SeptemberDepartment Stores
Debenhams releases statement amid closure rumours to calm investors
Debenhams has released an official statement in response to rumours it was preparing to shutter stores and enter a CVA following the reported appointment of advisory firm KPMG. The department store said “following recent media speculation” it would issue its preliminary results on 25 October 2018 saying it expected a…
Read More » -
Aug- 2018 -15 AugustAdvice
Defining the ‘global opportunity’ for retailers
As online spending continues to soar, the opportunities available to merchants are endless. In fact, market research predicts that global digital payments will surpass $3.3 trillion this year alone. The rise of digital wallets and ecosystems is proving to be a game-changing trend for retailers, opening the door to swathes…
Read More » -
1 AugustClothing & Shoes
Next sales grow 2.8% but shares slump
Next’s shares slumped 6% in early trading, despite the retailer reporting sales growth of 2.8% – boosted by the hot weather – in its latest results. The clothing retailer said in its trading update for the 12 weeks ending 28 July online sales were up 12.5%, but in its retail…
Read More »
