Retail Week looks ahead to a packed seven days with updates from John Lewis, Next, Morrisons, Primark, Ocado and JD Sports all on the agenda.
Associated British Foods
The Primark owner unveils its fourth-quarter results on Monday. Associated British Foods’ retail arm is usually one of its top performing and the market will be interested to see how consumer confidence jitters around Brexit have played out for the value retailer.
The online grocer posts its third-quarter results on Tuesday. Ocado’s pre-tax profits jumped 18% to £8.5m at the half-year stage as sales climbed 13.9% to £582.9m during the 24 weeks to May 15.
JD Sports will reveal half-year results on Tuesday hoping to build on its impressive performance of late. The Bury-headquartered retailer, which is rumoured to be eying a bid for Go Outdoors, got a boost from the Euros and has already upgraded its full-year profit forecast.
The value homewares retailer posts its full-year results on Wednesday. Dunelm boss John Browett shrugged off any post-Brexit concerns, after reporting 2.4% like-for-like growth in its fourth quarter. He claimed the retailer may even benefit from shoppers on the hunt for value. The city will be looking to see how, if at all, consumer confidence has affected the homewares sector since the vote, and the initial impact on sales of Dunelm’s new-format stores.
John Lewis Partnership
The business unveils its half-year results on Thursday as the headline act on a bumper day of results. Back in March, the partnership revealed that pre-tax profits across its John Lewis and Waitrose businesses fell 10.9% to £305.5m during the year to January 30.
The supermarket giant reveals its interim trading update on Thursday. Morrisons’ boss David Potts has started to rejuvenate the grocer’s fortunes and will be seeking to build further momentum after like-for-like sales advanced 0.7% in the quarter ending May 1.
The traditional high-street bellwether will report its half-year results on Thursday. Next boss Lord Wolfson is looked to as an industry prophet and his words at Next’s last full-year results on 2016 being the toughest year for retail since 2008 reverberated through the industry at the time. Retailers will be looking to Next, which has suffered of late, to measure their own fates.
The London-listed electricals retailer – in the process of being acquired by Fnac in a deal worth £914m – reports on its first quarter this Thursday. Darty reported a 12% increase in group like-for-likes during its fourth quarter, driven by a 16% spike in its domestic market.
- Associated British Foods
- City & finance
- Department stores
- Financial results
- Home & DIY
- JD Sports Fashion
- John Lewis & Partners
- John Lewis Partnership
- Online retail & ecommerce
- Sports, leisure & outdoors
- Waitrose & Partners