Christmas
This coverage explores the critical Christmas trading period in the UK retail sector, focusing on sales performance, promotional strategies, consumer trends, supply chain planning, and operational challenges. Reporting highlights how retailers prepare for and execute peak season campaigns to maximise revenue and manage demand. Designed for executives and managers, it provides insights into effective planning and competitive positioning during the festive season.
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Jan- 2022 -13 JanuaryNews
Tesco expects profits to hit £2.6bn amid strong Xmas trading
Tesco has set a new profit guidance of £2.6b after a stronger than expected Christmas period, according to its latest trading report for the 19 weeks ended 8 January 2022. It revealed the retailer has seen further growth on top of an “exceptional” performance last year, with shares sitting at…
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13 JanuaryClothing & Shoes
M&S raises profit forecast to £500m
The Marks and Spencer Group (M&S) has raised its full year pre-tax profits forecast to £500m, following an 18.6% year-on-year rise in total UK sales for the 13 Weeks ending 1 January 2022. The group’s clothing and home sales surged 37.7% and food sales increased by 10%, with sales excluding…
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12 JanuaryNews
Sainsbury’s upgrades profit forecast amid strong Xmas trading
Sainsbury’s has revealed it expects to report underlying profit before tax of at least £720m in the financial year to March 2022, according to its Third Quarter Trading Statement for the 16 weeks to 8 January 2022. It revealed the retailer’s “bold” investments in value, new products and service have…
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12 JanuaryHigh Street
DFS expects FY22 profits to reach £85m
DFS Furniture expects to report full-year pre-tax profits of £85m after experiencing strong Christmas sales. During the twenty-six week period to 26 December 2021, gross sales increased by 10% when compared with FY19, but were 2% lower than in 2020. Covid-related absences, supplier manufacturing capacity and logistics performance, reportedly affected…
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12 JanuaryClothing & Shoes
JD Sports raises profit forecast to £875m
JD Sports Fashion Plc has raised its pre-tax profits forecast to an average £875m for the full year to 29 January 2022, compared to the previous expectation of £810m, due to “sustained” consumer demand through the second half of the year. Additionally, total like-for-like revenues were more than 10% ahead…
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11 JanuarySupermarkets
UK supermarket sales exceed expectations as Brits spend £7.1bn
UK shoppers spent a total of £7.1bn at UK supermarkets in the two weeks ending 25 December with weekly sales peaking at +14.8%, according to new data released today by NielsenIQ. This figure exceeds previous forecasts from analysts at NielsenIQ, in which sales were predicted to grow to £6.8bn, up…
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11 JanuaryCoronavirus
Consumer spending rises 12.2% in December
Consumer card spending increased 12.2% in December compared to the same period in 2019, as Brits finished their final preparations for Christmas, according to data from Barclaycard. Barclaycard revealed that spending on essential items grew 13.7%, driven by a 13.9% rise in supermarket shopping, as consumers stocked up on food…
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11 JanuaryHigh Street
Footfall declines as workers stay away from office
Footfall declined by -6% last week across all UK destinations from the week before, but working from home continued to heavily influence footfall with footfall dropping by -25.6% in Central London, according to Springboard. In comparison, local high streets experienced a far more modest decline from the week before; in…
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11 JanuaryClothing & Shoes
Very Group sales spike 22% over festive period
The Very Group has welcomed a period of “strong” trading in the run-up to Christmas, with sales increasing 21.9% in the seven-week period ended 24 December 2021. In light of the effects of the pandemic last Christmas, its latest results were given against its sales two years ago. As more…
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10 JanuaryOnline & Digital
Digital fashion sales fall back in December
Both digital fashion sales and web traffic fell back in December, falling -35% and -121% month-on-month, according to data from True Fit. This dip, True Fit said, “could have been caused by consumers buying early, having already made digital fashion purchases during Black Friday, or were due to shoppers holding…
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