Retailers picking up pace after squeeze



The continued success of Sports Direct International and trading recoveries of Mothercare and Thorntons will place the retail sector in the spotlight this week.
Sports Direct is expected to post a 19 per cent leap in underlying profits to £287.3 million for the year to 28 April, while the City is pencilling in pre-tax profits of £215m. The firm has enjoyed a solid year, with sales soaring in the wake of rival JJB’s collapse.
Retailer Mothercare will update on turnaround progress when it publishes first-quarter trading figures on Thursday. The mother and baby goods store chain has been... read more

 
15 July 2013 in Business, Views: 21
Source: Scotsman
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