Retail Week looks to the next seven days with trading updates from Dixons Carphone, Apple and WHSmith all on the agenda.
Dixons Carphone
The electricals giant updates the market with details of its Christmas trading performance on Tuesday. Dixons Carphone enjoyed the biggest sales day in its history on Black Friday and the City will be seeking signs that it carried such strong momentum into the key month of December. The business posted a 19% surge in pre-tax profit to £144m at the half-year stage as like-for-likes in the UK and Ireland rose 6%.
Apple
The technology titan posts its first-quarter update on Tuesday. Apple will be aiming to bounce back from a turbulent final quarter of its last financial year, when it revealed a 9% fall in revenue to $46.8bn (£38.3bn) – the first time in over 10 years that its sales had fallen year-on-year. The retailer said net income fell 19% to $9bn (£7.4bn) as sales of its iPhone, iPad and laptop products all suffered declines, while sales of its Mac computers plunged 17%.
WHSmith
The stationery specialist unveils details of its Christmas trading performance on Wednesday, ahead of its AGM. At its full-year results last October, WHSmith posted a 7% uplift in pre-tax profit to £132m, despite a challenging year for its high-street stores. Revenue from its high-street shops dipped 3% as like-for-likes fell 2%. But growth in its travel business – where sales grew 10% on a total basis and 4% in like-for-like terms – boosted group figures.
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