Retail Week looks ahead to next week, with updates from Next, Shoe Zone plus GfK’s latest consumer confidence index all on the agenda.
Shoe Zone
The footwear specialist reveals full-year results on Tuesday. The City will want to see a pick up in profits after a tough first half when earnings slipped 26% after a decrease in sales as a result of store closures and unseasonable trading conditions hit its autumn/winter trading. The retailer has said trading is in line with expectations.
Next
The fashion retailer reports third-quarter numbers on Wednesday. In its half-year the retailer revealed retail sales were flat so investors will hope for signs of improvement. As on previous occasions, any comments from boss Lord Wolfson on the retail outlook and wider economic conditions are likely to be seized upon by industry observers.
Consumer Confidence
GfK reveals its latest UK Consumer Confidence Index on Friday. Confidence dipped in September despite near-zero inflation, low interest rates, low levels of unemployment and wage growth. GfK said the slump was caused by a “depressed back-to-school mood” which led to doubts over the wider economy and personal finances.
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