Retail Week looks ahead to the next seven days with updates from Sainsbury’s, Boohoo, Moss Bros and MySale all on the agenda.
MySale swung to profit during its first half, posting underlying EBITDA of A$1.5m, compared with a loss of A$11.4m in the first half of last year.
The business has concentrated on improving gross margins and generating more lifetime value from its customers.
The fast fashion etailer reveals its half year results on Tuesday with the City expecting a strong set of figures. Last month, Boohoo increased its full-year sales guidance after hailing “robust” demand during the first half of the year.
The business said sales will grow between 28% and 33% across the wider 12-month period and said it would see improved EBITDA margins. Boohoo is expected to provide more detail next week.
The supermarket giant posts its second quarter trading performance on Wednesday. The update will be the first for Sainsbury’s since it completed the £1.4bn acquisition of Argos owner Home Retail Group, but boss Mike Coupe will be keen to demonstrate that its core food business remains on a solid footing.
The grocer’s like-for-likes slipped 0.8% during its first quarter, although total sales inched up 0.3%.
The formal menswear retailer updates the market with its half-year figures on Wednesday. Moss Bros’s retail like-for-likes spiked 5.1% in the 15 weeks to May 14 as its new ranges performed strongly.
Its online business also continued to grow, with sales rising 9.7% year-on-year. Analysts will be expecting to see that sales success translate into profit.
Marks & Spencer
The high street stalwart throws open its doors to analysts on Thursday as chief executive Steve Rowe steps up his efforts to transform the retailer’s fortunes.
M&S’s new boss is grappling to rejuvenate the fortunes of its ailing fashion and homewares division, which suffered an 8.9% slump in like-for-likes during the 13 weeks to July 2.