The week ahead on just-style...
Taking a look at the week ahead for the footwear and apparel industry, here is a snapshot of just-style's latest news and insights agenda.
The UK's largest retailer Tesco will be reporting its full-year results in London tomorrow (18 April). Analysts expect new CEO Phil Clark to deliver strong growth from Asian and US markets, but UK profits still represent the bulk of the supermarket's profits.
just-style will be reporting on the company's clothing results during the period. This time last year, Tesco reported a 7.3% rise in clothing sales to reach the GBP1bn (US$1.54bn) mark for the first time over the fiscal year.
Meanwhile, UK luxury goods firm Burberry will be posting a second half trading update on The London Stock Exchange this week - with analysts predicting sales will rise a third.
Seymour Pierce analyst Kate Calvert says: "We expect Burberry to report a strong finish to the year with the focus on management guidance for next year. We are forecasting 2H underlying retail sales up 31.4% with comparable store sales up 10% and new space up 22% driven by China."
Sport Direct will be hard-pushed to equal the progress of rival JD Sports, which last week said its FY revenue increased by 14.8% to GBP883.7m, compared to last year, with like for like revenues increasing by 3.1%.
Nevertheless, Sports Direct saw its own sales rise 12.1% to GBP416m (US$674) for the 13 weeks ending 23 January 2011, while gross profit increased 8.4% to GBP167m. It also secured GBP220m (US$357m) in refinancing last month.
Timing is everything in life. And few people will be feeling that sentiment more this week than Sir Terry Leahy, the former chief executive of Tesco, and his successor Philip Clarke. While Leahy stepp...
The Indian luxury apparel market is starting to take off and major international brands are preparing to exploit the opportunities, a New Delhi conference was told this week. But while the government ...
The CEO of Tesco has revealed the retailer is shifting more of its apparel sourcing to Europe and Egypt as part of moves to shorten lead times on clothing....
Two of the UK's largest retailers, Tesco and Sainsbury's, provided an update on trading today (5 October). What did the City make of the companies' recent performance?...
Luxury company Burberry Group has posted a 30% underlying sales rise in the first half of the fiscal year, boosted by undimmed demand in flagship and emerging markets....
UK retail garnered much interest this week with stories about concerns over minimum wages, M&S calls for suppliers to contribute to store revamps and Tesco's strategy to source more products from Euro...
Supermarket retailer Tesco today (5 October) reported first-half growth in its general merchandise categories - which includes clothing - despite "subdued demand" for discretionary items in some of it...
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