Retail Week looks ahead to the next seven days, with financial updates from Asos and Mothercare both on the agenda.
The fashion etailer unveils its interim results on Tuesday. Asos enjoyed a “record” Christmas, which helped the business record an 18% spike in UK retail sales during the four months ending December 31.
Following its festive success, Asos said full-year sales would be up between 25% and 30%. The online retailer’s new boss Nick Beighton said it was now “accelerating our infrastructure investment to handle that growth”.
Last December, Asos revealed plans to hire 1,500 new staff at its London HQ, covering the areas of technology, marketing, content and retail.
The nursery retailer updates the market with details of its fourth-quarter trading performance on Thursday. Mothercare returned to growth in its third quarter as growth in its domestic UK market offset a “mixed” international showing.
UK sales rose 1% in the 13 weeks to January 7, while total sales climbed 0.6%. Mothercare’s online platform proved a key driver of sales, growing 5.5% during the period.
Ecommerce now accounts for 40% of the retailer’s UK sales.
Despite success in its homeland, Mothercare suffered a 6% drop in international sales due to sluggish performance in the Middle East.