Retail Week looks ahead to the next seven days, with updates from Primark, John Lewis, Morrisons, JD Sports and Dunelm in the diary.
Primark
Primark owner Associated British Food will report a pre-close trading update on Monday, September 10.
Associated British Food’s retail arm has traditionally bucked the ailing fashion market, but at its half year, like-for-likes fell thanks to inclement weather.
The hot summer may have helped the value retailer shift high summer trends and hot weather basics such as T-shirts, but the slow start to autumn means it may not have been able to shift higher-margin product.
JD Sports
The sportswear retailer will post its interim results on Tuesday, September 11.
JD Sports’ last set of results continued its stellar run, and its smaller competitor Footasylum has had an abysmal first year as a listed business, so it will be interesting to see whether JD is able to sustain its market-beating results.
Dunelm
The homewares specialist will report its preliminary results on Wednesday, September 12.
Dunelm’s profits took a tumble in its first half, despite climbing like-for-like and online sales. The home furnishings retailer reported an 8% drop in pre-tax profits, while total sales jumped 18.4% to £5445m.
John Lewis
The partnership will post its interim results on Thursday, September 13.
John Lewis has been struggling recently, having been hit by faltering consumer confidence and a troubled department store market. The partnership’s capital-heavy operating model has come under pressure too – it has just entered redundancy consultations with 270 staff amid a partner-centric rebrand.
Morrisons
The grocer will report its interim results on Thursday.
Morrisons has now had 10 consecutive quarters of like-for-like growth and investors will be hoping David Potts and co can continue their good run.
They should be in luck: at its half years, Morrisons’ full-year expectations remained unchanged and it said it was “confident of another strong year ahead”.
No comments yet