1455 Friday 4 January 2019
Mike Ashley described November as “the worst in living memory” and the headlines of footfall drops in December lead to many analysts questioning the future of some firms. A profit warning from ASOS saw their stock plummet nearly 40% in a day with Boohoo following suit with a massive drop on the same day. Debenhams stock nosedived after Mr Ashley stated that the firm could go out of business, falling to an all-time low. Many were fearing Christmas…
Then reports emerged in January that actually, Christmas wasn’t as bad as many anticipated. Retailers Next, John Lewis and Marks & Spencer all declared growth in sales and the market reacted with Friday seeing many retailers gain back some of the previous losses. But the next three weeks will be important ones as both retailers and supermarkets release their earnings reports and trading updates with some of the highlights including:
Week commencing 7/1
Marks & Spencer
Week commencing 14/1
Week commencing 21/1
Pets at Home
With these reports imminent, traders will no doubt be considering their positions or considering a buy on the dip. If you would like to get further analysis on the UK retail sector, simply call one of our brokers on 0121 454 0770 or enter your details below and we’ll call you right back.
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