Q2 2022
This coverage reviews key retail developments and performance indicators from Q2 2022, with insights aimed at UK retail executives, managers, and brand professionals. Reporting includes quarterly financial results, store openings and closures, leadership changes, strategic initiatives, and emerging consumer trends that shaped the sector during this period. The analysis helps professionals evaluate market conditions, competitive movements, and operational challenges from the quarter.
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Aug- 2022 -4 AugustEconomy
Zalando to return to growth in H2 despite Q2 profit fall
Zalando, the online fashion retailer, has revealed it expects to return to growth in H2 despite seeing a 58% drop in its Q2 operating profits to €77.4m (£64.7m), down from €184.1m (£153.3m) in the same period last year. However, the Q2 performance marks a rebound from a Q1 loss of…
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1 AugustFeatures
Recession and retailers: a ‘cleansing effect’?
“Incomes are being squeezed, consumption is under pressure, interest rates are rising, and there’s a lot of uncertainty. These are classic ingredients for recession,” says Ian Stewart, Deloitte’s chief economist. According to Deloitte’s UK CFO Survey Q2 2022, finance leaders have assigned a 63% probability of experiencing a recession within…
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Jul- 2022 -18 JulyNews
Deliveroo lowers FY22 guidance amid consumer headwinds
Deliveroo has lowered its gross transaction value (GTV) guidance for FY22 from 15–25% to 4–12% due to a “more cautious” economic outlook and increased consumer headwinds. Meanwhile, the company continues to expect FY22 adjusted EBITDA margin to be in the range of -1.5 to -1.8%, an improvement against -2% in…
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14 JulyEconomy
Retailers welcome ‘record’ credit surge in Q1
The retail store and online credit sector welcomed its “faster ever” start to the year, as new business volumes reached £2.1bn in the opening quarter, according to the Finance and Leasing Association. This marks the highest ever level of borrowing for Q1 with an increase of 12% compared to the…
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May- 2022 -10 MayClothing & Shoes
Adidas Q1 profits drop almost 40%
Adidas has reported its operating profits dropped 38% year-on-year from €704m (£602.71m) to €437m (£374.13m) in the first quarter ending 31 March 2022 (Q1), due to its operating margin dropping 5% to 8.2%. Income-before-tax also dropped 38.5% to €411m (£351.87m) in Q1, compared to €669m (£572.75m) in the same period…
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