Retail Week looks ahead to the next seven days, with financial updates from fashion rivals Boohoo and N Brown both on the agenda.
Boohoo
The online fashion business reveals its full-year results on Wednesday, April 26.
Boohoo, which acquired US fashion brand Nasty Gal’s intellectual property rights and customer databases at the end of February, has said it expects profits to come in at the top end of expectations.
The etailer said group revenue for the year to February 28 would surge approximately 50%, ahead of the 46% to 48% range it previously forecast.
As a result, Boohoo said adjusted EBITDA margin was anticipated to come in “at the top end of the previously guided range of 11% to 12%”.
The revised guidance included prettylittlething.com, which Boohoo bought in January.
N Brown
The JD Williams, Simply Be and Jacamo owner posts full-year results on Thursday, April 27.
N Brown’s pre-tax profits tumbled 19.7% to £31.6m during its first half, despite a 7.5% uplift in online sales during the period.
Although its ecommerce operation continued to gain traction, N Brown chief executive Angela Spindler warned the retailer was “not immune” to challenges facing the fashion sector.
Back in October, she insisted that the retailer’s autumn/winter season had “started in line with our plans”, and investors will hope that has translated into positive profit figure.
N Brown enjoyed rising sales over the crucial Christmas trading period, with group sales rising 4.1% and retail sales climbing 5.9% in the 18 weeks to December 31, 2016.
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