Retail Week looks ahead to the next seven days with Christmas updates from Dixons, Burberry, Joules, WHSmith and Pets at Home all on the agenda.
The electronics retailer will release its Christmas trading statement on Tuesday. Dixons Carphone reported flat like-for-like sales in the period to July 28, 2018. Chief executive Alex Baldock said: “First-quarter performance was in line with expectations. We’ve maintained or grown our leading market positions.”
The high-end fashion retailer will release its Christmas statement on Wednesday. The business posted a 5% profit gain to £410m during the year to March 31, 2018. Burberry reported savings of £44m during the year, ahead of its plan, bringing total savings to £64m. It said it is on track to achieve cumulative cost savings of £100m by the end of 2018/19.
The clothing retailer will release its interim results on Wednesday. Joules’ have already said sales soared 17.6% to £113.1m in its first half and raised profit expectations. Online sales accounted for nearly 50% of all sales.
Pets at Home
The pet specialist will release its festive season statement on Wednesday. Pets at Home’s pre-tax profit fell 80.5% to £8m during the 28 weeks to October 11, 2018, driven by a £29m charge it booked to “recalibrate” its vets business. Its retail sector saw total revenues grow 6% to £443.7m as like for likes advanced 4.7%
The stationery retailer will release its Christmas statement ahead of its AGM on Wednesday. WHSmith closed six stores after high street like-for-like sales were down 3% in the year to August 2018. Its travel arm sales were up 3% on a like-for-like basis. The business continued to expand its travel division, opening 20 new UK units and 58 international units.