Profit Warning
Profit warnings are key indicators of financial and operational challenges within the UK retail sector, often signalling shifts in market conditions or internal business pressures. For retail executives, store owners, and supply chain leaders, tracking profit warnings is essential to understanding emerging risks, competitor performance, and potential impacts on partnerships and supply chains. Retail Sector’s coverage of profit warnings includes timely reporting on announcements from major retailers, analysis of the factors driving underperformance, and insights into how businesses are responding. We provide in-depth context to help professionals across physical retail, ecommerce, and omnichannel operations make informed strategic decisions in a rapidly changing market.
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Apr- 2023 -24 AprilEconomy
Retail profit warnings fall to lowest level since 2020
UK-listed retailers issued five profit warnings in Q1 2023, marking a decrease from the nine issued in both Q4 2022 and Q1 2022, according to the latest data from EY. Despite representing the sector’s lowest quarterly total since Q4 2020, it said “persistent inflation, high interest rates and tightening consumer…
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Jan- 2023 -31 JanuaryEconomy
Nearly half of FTSE retailers issued profit warnings in 2022
Profit warnings from UK-listed retailers increased by 48% in 2022 as rising costs prompted record levels of warnings, according to EY-Parthenon’s latest Profit Warnings report. The total profit warnings issued in 2022 increased by 50%, from 203 the previous year to 305 this year. The report discovered that over a…
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Dec- 2022 -20 DecemberHealth & Beauty
Can beauty retailers remain resilient through the winter?
With endless economic and political uncertainty permeating the industry, it’s been hard to predict which category of retailers will fare better than others, but one thing is certain: the health and beauty industry has weathered the storm better than others. Most recently, THG reported “stable and consistent” consumer trading during…
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Sep- 2022 -29 SeptemberClothing & Shoes
Next cuts sales and profit guidance
Next plc has reported that its profit before tax is up 16% compared to the previous year at £401m, and up 22% compared with 2019 despite issuing its second profit warning this year. The company said the profit warning is due to soaring inflation and a devaluation of the pound…
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Aug- 2022 -18 AugustEconomy
Made.com calls in advisers to shore up balance sheet
Made.com Group, the online furniture retailer, has reportedly called in advisers to help shore up its balance sheet as it plans for a share sale to raise approximately £50m, according to Sky News. The London-listed company has hired PricewaterhouseCoopers (PwC) to evaluate cost-cutting strategies and restructuring options. Made.com is said…
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Jul- 2022 -25 JulyClothing & Shoes
Asos delays autumn orders amid fears shoppers may cut back
Asos has delayed some autumn orders due to concerns that customers will cut back on buying new clothes in the cost of living crisis, according to The Mail on Sunday. Asos suppliers reportedly told the outlet that some stock had to be cancelled at short notice. However, it added that…
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19 JulyDIY
Made.com issues FY profit warning amid ‘volatile’ trading
Made.com has issued a profit warning for FY22 as recent trading has been “volatile” amid worsening consumer confidence, which has in turn impacted demand for big-ticket purchases. According to the retailer, the dip in consumer confidence has made new customer acquisition at financially attractive rates “challenging”, while gross sales for…
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Jun- 2022 -29 JuneSupermarkets
Poundstretcher to keep prices low despite FY22 profit warning
Discount chain Poundstretcher has warned that sales are set to drop to £277m in the year to March 2022, attributing this performance to fewer stores, while pre-tax profits are set to halve, falling to £40m. It comes as recent accounts filed at Companies House showed that pre-tax profit hit £88m…
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16 JuneClothing & Shoes
Asos names new CEO and chair amid profit warning
Asos has warned of lower profits this full year due to uncertain consumer purchasing behaviour and the continuation of higher return rates, with revenue growth expected to be 4% to 7% and pre-tax profits now expected to be in the range of £20m to £60m. The announcement comes as Asos…
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10 JuneHigh Street
ProCook issues FY23 profit warning amid ‘challenging’ market
ProCook has issued a warning over its profits for the upcoming financial year, as its trading has been impacted by “increasingly challenging market conditions” since its Q4 update, with customers affected by the “exceptional” pressures on spending. The kitchenware group noted that in the current quarter, it is also trading…
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