Retail Week looks ahead to the next six days with updates from Morrisons and Superdry on the agenda.
WHSmith
The stationery retailer will be giving a pre-close update to the City on Wednesday. At its half-year update, WHSmith profits saw a 21% drop to £65m in the first six months of the year, but the retailer insisted it was “well-positioned” to hit its full-ear expectations.
The Works
The value retailer will be holding its Annual General Meeting (AGM) on Wednesday. The Works reported like-for-like sales growth for the 52 weeks ending April 28, 2019, but did register a slight dip in profit before tax. Boss Kevin Keaney said he was happy with how The Works had performed in its first year as a listed business.
McColl’s
The grocer will be updating the City on its third-quarter figures on Thursday. At its interim results, published on July 23, McColl’s posted a 91% drop in pre-tax profit in the 26 weeks to May 26.
The retailer blamed this fall on the collapse of former wholesale partner Palmer & Harvey. Its boss Jonathan Miller has said the grocer plans to “refocus on retail execution”.
GfK Consumer Confidence index
The consumer confidence survey by GfK for the month of August will be published on Friday. In July, consumer confidence rallied, with shopper sentiment increasing across all but one of its measures. Shoppers’ confidence levels in their personal finances were also up.
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