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Can Sports Direct avoid the high street gloom when it updates the market on Thursday
Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.
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LON:SPD
Frasers Group plc, formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide.
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Sports Direct and Ocado will be the next retailers in the spotlight as they both update the market.
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Aside from the crucial Brexit vote, the Week Ahead will also bring UK labour market data, an ECB council meetings and updates from TUI, WPP, Dixons Carphone, Superdry, Ocado and BAT
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Ted Baker and DS Smith are likely to be the highlights of Thursday's schedule.
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Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
The billionaire is reportedly planning on closing 17 of his stores situated in Intu shopping centres after the landlord refused to agree to reduce the rent on four House of Fraser stores
Sports Direct owner Mike Ashley plans to attend a select committee in Westminster on December 3 after demanding to meet MPs in person
Britain’s largest department store chain reported that total sales in the week to 17 November had fallen 6.8% year-on-year, following from an 8.3% plunge the week before
Berenberg analysts think Sports Direct will be pushed to the side by the likes of Nike and Adidas, while they are unconvinced by the ‘Selfridges of Sport’ ambition
The group reported that its adjusted EBITDA for the year was £10.1mln, up 26.3% on the prior year despite a 0.1% decline in revenues to £782.3mln
The FTSE 250-listed group also confirmed that the consideration paid for the Evans Cycles business was £8mln, of which around £2mln was paid to fund Evans Cycles' October payroll
Next said total full price sales rose 2.0% in the quarter ended October 27
Citing sources, Sky News’ website said Halfords - which offered to buy Evans last month - had ended talks with the private equity-owned firm's advisers
Oasis will open before Christmas in Sainsbury’s in Sydenham, south London, and the supermarket's new Selly Oak store in Birmingham
The furniture retailer said its House of Fraser concessions saw a 52.5% drop in like-for-like orders and the group said it that it will cease trading from within them by the end of January 2019
Debenhams could scrap the dividend and announce a wave of store closures as it seeks to turn the business around
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The day ahead includes third quarter trading updates from Lloyds and WPP along with full year results from Debenhams and the ECB's policy decision.
Intu said property valuations dropped 3% on a like-for-like basis in the third quarter due to negative investment sentiment in the hard-hit retail sector
A number of companies that operate concessions inside big UK department stores have issued profit warnings of late, so is there still a place on the high street for House of Fraser, Debenhams and co?
Sports Direct wants to turn Frasers into the "Harrods of the North"