With majority stakeholder Mike Ashley stepping down as chairman since Frasers last reported, the upcoming results should give insight to any changes to the group's strategy. It is difficult to gauge the likelihood of this though, considering Ashley still advises the board and it is his son-in-law, Michael Murray, who has taken over as chief executive. As ever Frasers has been busy with corporate activity, completing its acquisition of Gieves & Hawkes, the 250-year old bespoke Savile Row tailor, in late November, as well as snapping up Missguided, I Saw It First, MySale and building stakes in ASOS this year – all of which are online retailers – as well as Hugo Boss.