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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Sep- 2018 -5 SeptemberEconomy
Electric bikes speed up Halfords sales
Halfords has announced that increased demand for electric bikes has helped the company to achieve a like-for-like sales increase of 2.8% over the 20 weeks leading up to 17 August. Shares rose by 7% this morning following the announcement, bringing the car part retailer’s total value up £653m. The figures…
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3 SeptemberClothing & Shoes
Footasylum shares drop by 50% as company warns of losses
Footasylum has this morning issued a profit warning that said it expects to report lower than expected revenue and a loss in EBITDA. Shares in the company dropped by 50% this morning (3 September) following the warning. The footwear retailer blamed “weak consumer sentiment on the high street” for the…
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Aug- 2018 -20 AugustDepartment Stores
House of Fraser woes push Mulberry into £3m loss
Designer fashion brand Mulberry has issued a profit warning following the financial woes of House of Fraser. With the company, saying it expects to absorb costs of £3m due to the chain’s restructuring, the company’s shares dropped by 30% following the announcement. Mulberry operates 21 House of Fraser concessions, employing…
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9 AugustHigh Street
Pandora CEO steps down following profit warning
Pandora has announced Anders Colding Friis is stepping down as president and CEO of the company effective 31 August 2018. The company saw its shares slump nearly a quarter on Tuesday 7 August when it announced it was reducing its sales and profit growth forecast, and after a follow-up announcement…
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Jul- 2018 -12 JulyEconomy
Hot weather springs profit warning at DFS
DFS has announced a profit warning, blaming poor sales performance on decreased high street footfall during the hot weather, disruption to supply chains, and “lower than expected order intake”. The furniture retailer said it expects EBITDA for the full financial year to be down on last year’s total of £82.4m,…
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2 JulyHigh Street
Estate agents join high street casualties as insolvencies rise
Around 153 estate agents have gone insolvent in the last year, up from 148 the year before, according to a new report. Accountancy firm Moore Stephens found that as the online estate agency market continues to grow, firms such as Hatched, Rightmove, Yopa and Zoopla have squeezed high street rivals.…
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Jun- 2018 -27 JuneDepartment Stores
John Lewis profits could be ‘close to zero’
John Lewis has issued another profit warning and admitted that it expects profits before exceptional items to be “substantially lower” than last year, or even “close to zero”. The retailer also outlined the next phase of its strategy, saying it would focus on “differentiation not scale”, maintaining a higher level…
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19 JuneDepartment Stores
Debenhams issues profit warning
Debenhams has issued a warning saying it now expects pre-profits to be “in the range of £35m-£40m” significantly lower than City forecasts of £50m. The company blamed poor conditions on the high street and said that it doesn’t expect improvement anytime soon. The warning is Debenhams third of the year…
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6 JuneUncategorized
Carpetright secures 92% of £60m CVA funds
Embattled retailer Carpetright has managed to secure the majority of the £60m funding it needs to fund its company voluntary agreement (CVA) and restructuring costs. In April, the company proposed an issue of 232.5 million new shares through a placing and an open offer priced at 28p per share. The…
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Apr- 2018 -16 AprilHigh Street
Debenhams expected to post big dent in half-year profits
Analyst consensus expects Debenhams to report a large decrease in its profits when it publishes its half-year results next week. Figures estimate interim pre-tax profits to fall within a range of £42m-£47m and almost 50% decrease from £87.7m from the same period last year. Like-for-like sales are also expected to…
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