Retail Week looks ahead to the next seven days, with financial updates from Next and Wickes owner Travis Perkins both on the agenda.
The Wickes and Toolstation owner unveils its half-year results on Wednesday, August 2.
Analysts will be expecting to see continued momentum from its consumer division, which enjoyed a 2.9% uplift in like-for-likes during the three months ending March 31.
Total sales across its retail arm jumped 4.4%, although those sales gains were driven largely by 2.4% growth in store numbers.
Across the wider Travis Perkins group – which includes general merchanting, contracts, and plumbing and heating businesses – like-for-likes advanced 2.7%, while total sales spiked 4.9%.
The business insisted back in April that it had “sufficient flexibility in its operating model and financial position” to adapt to changing market conditions – something it will hope to reflect in its interim performance.
The fashion behemoth updates the market with details of its second-quarter trading performance on Thursday, August 3.
Next has found trading tough amid fierce competition in the apparel market, with pre-tax profit falling 3.8% to £790.2m in the year to January 31.
At the time of that update in March, its boss Lord Wolfson warned of further “external headwinds” in the year ahead – and Next was forced to cut its top-end profit guidance after total sales fell 2.5% in the first quarter of its current financial year.
Next Home is launching a new own-label brand and is extending its shop-in-shop tie-up with Eve Sleep as it bids to transform its fortunes and the City will be seeking assurances that such moves will bear fruit.