Retail Week looks ahead to the next seven days, with financial updates from Ted Baker, WHSmith, Quiz, Booker and N Brown all on the agenda.
The fashion retailer will report its interim results on Tuesday, October 10. Ted Baker always chalks up excellent results and this half year should be no exception. Questions over whether the business plans to replace longtime global retail director Chris Browne who exited the business in September, will be high on the agenda.
It’s the turn of Quiz on Wednesday, October 11. It’s the maiden update for the fast fashion retailer after floating in July. With JD boss Peter Cowgill on board as chairman, Quiz is set to use the funds raised to fuel rapid growth – it hopes to open 20 UK stores and concessions respectively over the next two years and plans to expand its bricks-and-mortar presence in the US, Spain and Central America.
The specialist fashion retailer will report its interim results on Thursday, October 12. N Brown’s performance has improved in recent quarters with sales jumping 5.6%. But while online sales grew 16%, the retailer unveiled plans to shutter up to five loss-making Simply Be and Jacamo dual-fascia stores. Investors will be keen to see how much of an impact that has been made on profitability.
The stationer will report its preliminary results on Thursday, October 12. In its pre-close update, WHSmith hailed a strong performance in its travel business, adding that it had continued to improve high street margin. By how much will be the question on the industry’s lips.
The convenience retailer will report its interim results on Thursday, October 12. Tesco’s acquisition target reported that like-for-likes edged up in its second quarter but tobacco sales dragged down its performance. The acquisition is currently being probed by the Competition and Markets Authority.