Retail Week looks ahead to the next seven days with updates from Sports Direct, AO.com and Watches of Switzerland on the agenda.
Burberry
Burberry will report its first-quarter trading update on Tuesday.
The luxury fashion retailer will hope to have increased momentum following its full-year results in May when pre-tax profit climbed 7% to £441m but sales were flat at £2.7bn.
Chief executive Marco Gobbetti said at the time that Burberry had “made excellent progress” in the first year of its ongoing transformation plan.
Watches of Switzerland
On Wednesday, the stock market’s latest retail entrant is set to report its maiden full-year results since listing.
The specialist retailer recorded a 22.5% increase in group revenue in the year to April 2019, prior to making its stock exchange debut with a £647m market capitalisation.
Watches of Switzerland is eyeing US expansion to drive further growth.
AO.com
AO.com will update the market on its first-quarter results on Wednesday, as well as holding its annual general meeting.
The electricals etailer reported narrowed losses of £0.4m for the year to March 31 as UK revenue climbed 10% to £749.3m.
Hotel Chocolat
The specialist retailer will post a third-quarter trading update on Thursday.
Hotel Chocolat will hope to have continued momentum following its strong half-year results when pre-tax profit rose 7% to £13.8m bolstered by a 13% sales rise to £80.7m.
Sports Direct
Sports Direct will unveil its highly anticipated full-year results on Thursday.
The retailer, which reported a 15.5% rise in underlying EBITDA to £180.3m at the half-year mark, will be under scrutiny from the City after last year’s acquisition House of Fraser ate into the group’s overall profits.
Founder Mike Ashley has previously said he is pleased with Sports Direct’s core performance and anticipated EBITDA excluding the department store would rise between 5%-15% in the full year.
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