Retail Week looks ahead to the next seven days, with the latest grocery market share data from Kantar and Nielsen on the agenda.
AO.com
The electricals retailer will unveil its preliminary results on Tuesday June 6. It will be new chief executive Steve Caunce’s debut results, after taking over from founder and long-time boss, the entrepreneurial John Roberts.
He should be able to update the market on AO.com’s European progress and give more detail on how it has fared in its new UK category of computing.
Joules
The preppy fashion retailer reports its fourth-quarter results on Tuesday June 6.
Joules, which is held up as an example of how to weather a tricky fashion market, is expected to report a positive picture. Sales jumped 16.2% in its last half, while underlying pre-tax profits climbed 19.9%.
Boss Colin Porter should be able to unveil more of the same this time around. The market will also be keen to hear more about its American expansion – the US is proving a lucrative opportunity for many upmarket British fashion retailers at the moment.
BRC-KPMG Sales
The latest BRC-KPMG Retail Sales Monitor is also unveiled on Tuesday.
Last month, retail sales jumped as the late Easter weekend drove purchases across the sector.
Total sales spiked at 6.3%, making it the best April for retail since 2011, but BRC boss Helen Dickinson cautioned against assuming that the positive picture would be repeated.
She warned: “Looking to the longer-term signs of a slowdown, the outlook isn’t as rosy.”
Shoe Zone
The value footwear retailer will unveil its interim results on Wednesday June 7. It will be hoping to carry on its performance at its full-years, when pre-tax profits nudged up.
Sales have fallen in recent years and the retailer has embarked on a store closure programme.
The vast majority of Shoe Zone’s retail products are manufactured overseas by suppliers located in China, as well as India, Turkey, Italy and Portugal, making it vulnerable to squeezed margins on an already low-margin product.
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