GENERAL RETAIL : The Weekly Checkout

Research evidence excerpt

GENERAL RETAIL : The Weekly Checkout

EQUITIES

GENERAL RETAIL

The Weekly Checkout

General Retail & Sporting Goods weekly22 MAY 2026

Sector Research Report Our weekly summarises news and key data from the past week, including weekly UK BDO and

Production time: 11:15* (London time) German Textilwirtschaft retail sales data, and looks ahead to sector news flow in the next two weeks.

Research Analysts & Publishing Entities

Nick Barker One thing to read

BNP Paribas London Branch Following M&S’s FY26 results this week, where the momentum of Fashion, Home & Beauty was a

+(44) 203 430 8664 key debate among investors, our ‘one thing to read’ is SoS 2026: staying in vogue, where a couplenick.a.barker@uk.bnpparibas.com

of months back we examined in detail its brand proposition. Our Chart of the Week inside is taken

Mia Strauss from the report and demonstrates M&S’s strong brand health and year-on-year improvement in

BNP Paribas London Branch

(+44) 203 430 8584 several key categories.

mia.strauss@uk.bnpparibas.com

One thing to watchWarwick Okines

On Wednesday 27 May we are hosting a virtual fireside chat with Pau Almar, former ZaraBNP Paribas London Branch

(+44) 203 430 8471 Menswear Distribution Director (Inditex), to discuss the outlook for the European apparel industry,

warwick.okines@uk.bnpparibas.com discussing the demand picture for retailers like H&M (-), Inditex (+), AB Foods’ (=) Primark, Shein

and Zalando (+), and both when and how the Middle East conflict will affect supply chains. Investors

can sign up here or get in touch by email.

One thing you could have missed

Following 3i’s (+) FY26 results, our colleague, Greg Simpson, held a fireside chat with 3i’s

management team. If you missed the fireside, you can access his write up here: Thoughts following