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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Jan- 2020 -16 JanuaryClothing & Shoes
N Brown Group issues profit warning amid falling revenues
The owner of plus size clothing brands Simply Be and Jacamo, the N Brown Group, has issued a profit warning amid falling revenues. The group has revealed it now expects full-year profits to come in lower than previous expectations of £78-£84.1m at around £70m-£72m. In the 18 weeks to 4…
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10 JanuaryClothing & Shoes
Superdry warns on profits amid ‘lower than expected’ Christmas sales
Embattled clothing retailer Superdry has issued a profit warning after peak trading sales came in “lower than expected”. Superdry said it now expects pre-tax profits to come in between £0-£10m compared with previous estimations of around £20m. It said that the high street has seen “unprecedented levels of promotional activity”…
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10 JanuaryClothing & Shoes
Joules issues profit warning following stock issues
Joules has announced that sales over the Christmas period were “significantly behind expectations”, with retail sales down 4.5% against the prior year. The fashion retailer claims that sales were affected by “disappointing” online sales, which was caused by internally generated stock availability issues. Despite traffic to its website increasing 8%…
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Dec- 2019 -17 DecemberPeople Moves
Ted Baker appoints ex-Sports Direct CFO as non-executive director
Ted Baker has appointed Jon Kempster as an independent non-executive director effective immediately. Kempster has previously held board positions at Sports Direct, where he served as chief financial officer. He has also held senior positions at Delta, Fii Group, Linden and Low and Bonar. Kempster also held the position as…
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10 DecemberClothing & Shoes
Ted Baker bosses depart as it warns of profits drop
Ted Baker has confirmed its CEO Lyndsay Page has resigned and chairman David Bernstein is to step down from their roles, on the same day that the embattled clothing retailer also issued a profit warning. In a trading update for its full year, the company said expectations for the period…
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Sep- 2019 -20 SeptemberHigh Street
Eve Sleep issues profit warning as Simba merger talks end
Mattress retailer Eve Sleep has issued a profit warning, after merger talks with Simba Sleep, first announced on 12 August, have collapsed. The group’s board said it decided that now is “not the right time to pursue the potential merger” and that it was more appropriate to focus on its…
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Aug- 2019 -30 AugustClothing & Shoes
Shoe Zone CEO quits amid profit warning
The chief executive of value footwear retailer Shoe Zone, Nick Davies, has resigned from his position with immediate effect, on the same day the company issued a warning that profits will be below expectations. The company revealed that trading conditions since the group’s interim results on 21 May 2019 “have…
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Jul- 2019 -22 JulyHigh Street
Former Ted Baker boss considering private equity buy-out
Ray Kelvin, founder and former CEO of Ted Baker, is rumoured to be considering a private equity buy-out of the company, according to the Mail on Sunday. The move would take the retailer private under its current management, and comes after Kelvin resigned from his position as CEO and director…
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18 JulyHigh Street
Asos issues profit warning amid ‘operational issues’
Online retailer Asos has issued its third profit warning this year, on the release of its trading statement for the four months up to 30 June. The retailer cited “operational issues” as one of the contributing factors to the profit warnings, and the expected steep decline in profits. The retailer…
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8 JulyOnline & Digital
Asos prepares to cut 100 head office roles as sales slow
Online retailer Asos is preparing to make around 100 of its head office staff redundant with a source saying the company’s marketing department is under threat. According to the Sunday Times, this is due to a slowdown in sales and a “botched” attempt to open a warehouse in America. In…
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