Boohoo, Halfords, Wickes — 3 Stocks to Watch This Week

Another week draws to a close, and the market is continuing to find its feet, with the FTSE 100 closing 0.34% higher on Friday.

And as a new week begins, we are keeping a close eye on Boohoo, Halfords, and Wickes – three stocks showcasing opportunities and potential over the coming months.


Boohoo share price – Source: LSEG
  • Boohoo shares have struggled over the last few years as people return to in-store shopping following the pandemic.
  • However, an almost 17% jump in the last week has brought new life to the stock.
  • Frasers Group recently increased its stake in Boohoo as it continues to build on its strategic investment in the retailer.
  • Frasers upped its stake in Boohoo from 9.1% to 10.4%.
  • Its most recent results for the 12 months to 28 February saw revenue decline 11% to £1.77bn and gross profit decline 14% to £895.2m, suggesting Boohoo still has a long way to go to recover.


  • Halfords reports its 20-week trading update on Wednesday.
  • Previous results have showcased strong growth for the retailer’s auto centre segment, however, a poorer performance across its cycling division against weaker comparatives highlights an issue for the business.
  • As the cost-of-living crisis persists, Halfords retail revenue will continue to suffer.
  • In addition, the retailer previously reported a decline in its underlying profit before tax as higher labour costs and unfavourable market conditions continue to impact the market.
  • These issues will likely persist, ensuring Halfords must focus on its propositions, such as its loyalty schemes and Cycle2Work plans to improve its position.


Source: Wickes plc
  • Higher inflation combined with higher rates has seen strong potential in the home-improvement market.
  • Consumers are choosing to improve instead of move, as the cost of moving becomes too expensive.
  • The retailer has bounced back from a slightly weaker Q1 as it reported growth across all categories in Q2, with total sales up 3.0% aided by growth in its core and DIFM division (as shown in the chart above.)
  • Trade has been a strong driver for Wickes as consumers continue to invest in DIY projects, with people investing in decorative and construction to refresh their own homes.
  • This may be a common theme as higher mortgage rates persist.

By Jamel Boughedda