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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Mar- 2019 -5 MarchDepartment Stores
Debenhams issues fresh profit warning
The statement Debenhams made in January to say it was on track to deliver profits in line with last year’s expectations is “no longer valid” as the department store chain reported a drop in sales. The group’s like-for-like sales fell by 5.3% in the 26 weeks to 2 March 2019…
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Feb- 2019 -27 FebruaryClothing & Shoes
Ted Baker shares plunge amid profit warning
Ted Baker’s shares plunged as much as 17% in early trading after it warned profits are expected to below market expectations. The fashion retailer said profit before tax is now expected to be in the region of £63m, well below the £73.5m it reported during the same period last year.…
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21 FebruaryHigh Street
Laura Ashley issues fresh profit warning amid sales slump
Fashion and homeware retailer Laura Ashley has said its performance for the 2018 will “fall short of market expectations”, after posting an 8.7% sales slump for the 26 weeks to 31 December. The group announced that it broke-even in profit before tax and exceptional items for the last six months…
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1 FebruaryHigh Street
Moss Bros eyeing Debenhams interim chair
Fashion retailer, Moss Bros is looking at Debenhams interim chair Terry Duddy to replace its outgoing chair Debbie Hewitt. Duddy, who used to lead Home Retail Group, the group responsible for Argos, Habitat and Homebase is on a shortlist of targets according to reports by Sky News. Duddy took over…
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Jan- 2019 -25 JanuaryHigh Street
Bonmarché sales slide 11.1% over Christmas
Fashion retailer Bonmarché has reported a 11.1% drop in like-for-like sales over the Christmas trading period, ending 29 December 2018. Total sales declined by 8.1% during the period, however the group recorded a 22.2% increase in online sales, although at a lower rate than in the first half of the…
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11 JanuaryClothing & Shoes
Quiz issues profit warning
Fashion brand Quiz has issued a profit warning despite an 8.4% increase in group revenue in the six-week period from 25 November 2018 to 5 January 2019 against the comparable period last year. This was below anticipated revenues and resulted in a “higher than anticipated” level of discounting to clear…
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8 JanuaryClothing & Shoes
Footasylum issues profit warning after ‘challenging’ Christmas trading conditions
Footwear retailer, Footasylum has issued a profit warning following “challenging trading conditions” during the festive period. Footasylum said it would cut costs after it changed expectations for gross margin in the 2019 financial year, despite revenue still expected to remain as forecast. The retailer blamed “market backdrop, promotional activity and…
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3 JanuaryAnalysis
Why the profit warning from ASOS has added to the retail gloom
Retailers are hoping for a busy New Year period following a very tough year of trading. Much of the current market analysis and speculation has placed the blame for a host of high-street insolvencies on a rise in online shopping and skyrocketing rents for stores. However, the recent news that…
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Dec- 2018 -19 DecemberEconomy
Lowest November growth in seven years for online retail
UK online retail sales suffered its worst November growth since 2011 last month coming in at just +8.1% year-on-year (YoY), as Black Friday discounting failed to encourage consumer spending, according to the latest IMRG Capgemini e-Retail Sales Index. November fell below the three- (+8.3%), six- (+10.5%) and 12-month (+12.2%) sales…
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17 DecemberClothing & Shoes
Asos issues profit warning after tough November trading
Online fashion retailer Asos has issued a profit warning due to its performance in November coming in “significantly behind” expectations. This is despite a 14% sales increase in its first quarter trading and September and October coming in “broadly in line” with expectations. However economic uncertainty plus weaker consumer confidence…
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