Updates from retailers Mark Spencer Group PLC and ASOS PLC will provide fuel
There will, once again, be a retail theme to the corporate news in the coming week, with trading news due from high street stalwart Marks canada goose black friday sale Spencer Group PLC (LON:MKS) and online fashion retail giant ASOS plc (LON:ASC).
canada goose coats on sale With a difficult retail market hurting its already struggling clothing division, it’s probably fair to say M has seen better days. canada goose coats on sale
canada goose store The FTSE 100 listed retailer, which should report trading news when it holds its annual general meeting on Tuesday, plans to close 100 UK stores by 2020 as part of an overhaul to reduce the amount of space devoted to the clothing and home arm. canada goose store
In the year to March 31, M like for like sales in clothing and home fell 1.9% with the firm having suffered sluggish sales in the division for some time, but weak consumer confidence and online competition has added to its troubles and undermined efforts to turn around the business.
Food sales have also weakened, down 0.3% on a like for like basis last year, as hard hit consumers cut back on spending and shop at discounters Aldi and Lidl.
canada goose black friday sale Investors will be hoping to hear at canada goose coats the AGM that the company’s performance has improved since full year results in May and will be listening out for any updates on the progress of its restructuring. canada goose black friday sale
Warm weather to Canada Goose sale boost ASOS sales
canada goose deals In contrast to uk canada goose the high street rooted M online fashion retailer ASOS plc (LON:ASC) is expected to report a sharp Canada Goose Outlet rise in third quarter sales on Thursday as the AIM listed canada goose clearance sale group continues to benefit from the e commerce boom. canada goose deals
canada goose clearance UBS has forecast a sales canadian goose jacket increase of 23% for the quarter to June 30 with warmer weather boosting demand for ASOS’s summer clothing ranges. canada goose clearance
canada goose coats The Swiss bank sees no change to the full year sales guidance of 25 30% growth and an underlying earnings (EBIT) buy canada goose jacket cheap margin of 4%. canada goose coats
canadian goose jacket Looking ahead, UBS thinks there is likely to be more focus on developments in the US after the canada goose factory sale Supreme Court overturned a ruling that allowed pure play online retailers to avoid sales tax in the country. canadian goose jacket
Canada Goose Parka ASOS will need to levy sales tax in more states after the June 22 ruling, which knocked its share price at the time. Canada Goose Parka
Canada Goose online “However, given differing state level threshold order values, the impact may be limited,” UBS said. Canada Goose online
Canada Goose sale “Perhaps more interesting is the requirement to pay 18 20% import duty as more orders are fulfilled from the canada goose clearance new US Canada Goose Coats On Sale DC. This cost should be covered by lower fulfilment costs, but more clarification would be useful.”Online grocer Ocado PLC (LON:OCDO) has had a spectacular first half, signing a clutch of important international deals for its Smart solutions platform, most notably with American retail giant Kroger Co (NYSE:KR) in May, and gaining promotion to the FTSE 100 index. Canada Goose sale
buy canada goose jacket However, interim results on canada goose uk outlet Wednesday from the online grocer which is fast transforming into an international technology and fulfilment specialist are unlikely to excite too much given that all the technology partnership deals (Kroger’s was its fifth in a year) coming with costs. buy canada goose jacket
canada goose clearance sale Ocado saw its first quarter retail revenue rise by 11.7% to 363.4mln, against guidance for the current year of 10% 15% canada goose uk shop growth, although that was below the 2016 2017 growth rate of 12.4% with trading canada goose in the period impacted by wintry weather. canada goose clearance sale
The firm’s average orders per week in the canada goose store first quarter rose by 11.1% to 280,000, up from 252,000 a year earlier, though order size declined slightly to 110.45, from 110.85 a year earlier, with inflation offset by reduced items per basket.
Canada Goose Jackets A first quarter trading update from Burberry PLC (LON:BRBY) on Wednesday and its AGM on Thursday will be the first chance for the luxury goods giant’s new management team to deliver their vision for the canada goose coats on sale group. Canada Goose Jackets
In early March, Burberry appointed Riccardo Tisci as its new creative chief, and in April the group also appointed Gavin Haig to a newly created position of chief commercial officer, completing chief executive Marco Gobbetti’s team, with Gobbetti having taken over from Christopher Bailey last July.
Canada Goose Outlet In a recent preview, analysts at JPMorgan canada goose outlet Cazenove said they expect the Canada Goose Parka FTSE 100 listed firm to http://www.canadagoosecanadaoutlet.com report a 4% rise in first quarter like for like sales, helped by the relaunch of the firm’s heritage trench coat in April and old creative chief and former CEO Bailey’s penultimate collection. Canada Goose Outlet
canada goose They think this should lead to a 0.5% increase in first uk canada goose outlet quarter retail sales to 480mln which would remain relatively subdued growth canada goose uk black friday versus their expectations for Burberry’s peers in what they said has been cited by luxury executives as a rather favourable luxury spend environment in the year to date. canada goose
The analysts think investors will also be keen to get granularity as to the spend of the Chinese consumer through the period.
They expect Burberry’s underlying outlook to be reiterated with a lower adverse foreign exchange impact of around 30mln for the full year against previous guidance for 40mln.
The analysts noted that the expected lower adverse forex impact has driven a 3% buy canada goose jacket increase to their current year estimates, with no change beyond then.
buy canada goose jacket cheap Upbeat update seen from Barratt Developments buy canada goose jacket cheap
cheap Canada Goose Wednesday’s trading update from blue chip housebuilder Barratt Developments PLC (LON:BDEV) is likely to be another upbeat statement. cheap Canada Goose
In mid May, the company reported its outlook for the full year (to the end of June) remained unchanged. Net private reservations per edged up to an average of 302 from 299 in the corresponding period of 2017.