Retail Navigator AnalysisLidl (Financials)
Lidl UK turnover rose by 16.9% to almost £11bn in the financial year ended 28 February 2024 (FY2023), from £9.3bn the previous year. EBIT grew to £220.8m in FY2023, compared to £28.5m the year before.
Retail Navigator AnalysisThe Range (Financials)
Revenues rose 3.4% to £1,297m at The Range in the 52 weeks ending 28 January 2024 (FY2023). The retailer described the year as “challenging” dealing with “the continuing cost of living crisis which saw household incomes squeezed on the back or rising energy and commodity prices”. It also said poor summer weather had a “detrimental impact” on seasonal departments such as patio and outdoor leisure.
Retail Navigator AnalysisDunelm (Strategy)
Dunelm acquires Irish soft furnishings retailer Home Focus, which has 13 stores across the Republic of Ireland, as well as a website that offers shoppers home delivery and a click-and-reserve service allowing shoppers to collect in store.
Retail Navigator AnalysisSuperdry (Financials)
Sales at Superdry slid 21.5% to £488.6m in the year ended 27 April 2024 (FY2023) which the retailer said reflected “the continued underperformance” of its wholesale division as well as softer performance within its Retail segment.
Retail Navigator AnalysisJD Sports (Financials)
JD Sports delivered another year of record sales, climbing 4.1% to £10.54bn on a reported basis for the 53 weeks to 3 February 2024 (FY2023). JD Sports chief executive Régis Schultz commented “In the period, we once again outperformed a challenging and volatile market with organic sales growth of 9%, broadly in line with our objective to deliver double digit growth, and organic sales growth in Premium Sports Fashion of 11%, ahead of our objective.”
Retail Navigator AnalysisAsda (Strategy)
Asda’s partnership with Amazon to allow consumers to pick up and return Amazon parcels – label-free and box-free – at over 700 UK Asda stores will help the grocer continue to enhance convenience for shoppers.
Retail Navigator AnalysisB&M (Financials)
B&M total sales rose 10.1% to £5,484m in the year to end-March 2024 (FY2023) amid strong trading from new stores and like-for-like growth across all three businesses - B&M UK, Heron and B&M France. Group operating margin came in at 11.1% in FY2023 as operating profit grew 13.4% year on year to £608m, while statutory pre-tax profit rose 14.2% to £498m with a margin of 9.1%.
Retail Navigator AnalysisHomebase (Strategy)
Homebase collapses into administration, with up to 70 stores acquired by CDS Superstores, owner of The Range. CDS Superstores group chief executive Alex Simpkin said the group will “continue to invest in the Homebase brand”.
Retail Navigator AnalysisBoohoo Group (Financials)
In a challenging retail environment, particularly for ecommerce as consumers continue to return to physical stores, the group’s performance for the year to 29 February 2024 (FY2023) came under further pressure, impacted by increased inflation and the cost-of-living crisis hitting consumer demand. Group revenue slumped 17.4% year on year to £1.46bn in FY2024, having fallen 10.8% to £1.77bn the previous year, while pre-tax losses widened to £159.9m.
Retail Navigator AnalysisBurberry (Financials)
Burberry posted a muted performance for the 52 weeks ended 30 March 2024 (FY2023) with sales declining 4.1% to £2,986m on a reported basis, although flat in constant currency.