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- 2021 -14 JanuarySupermarkets
Tesco reports record breaking Christmas
Tesco has reported the results of its “record Christmas”, however warned that it still expects to take a £810m hit due to Covid-19 related expenses. For the 19 weeks to January the chain witnessed a like for like growth of 6.7%, accelerating to 8.1% at Christmas, with the store crediting…
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14 JanuaryClothing & Shoes
Primark predicts £1.1bn sales loss amid store closures
AB Foods, the owner of clothing retailer Primark, has issued a warning of a hit from lost retail sales of more than £1.1bn, if Covid-19 lockdowns continue through to the end of February. Currently, 305 of its 389 shops around the world are closed which is expected to cost £1.1bn…
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13 JanuaryOnline & Digital
Asos sees UK sales soar by 36%
Asos has revealed that revenue growth for the four months ending in 2020 has ”surpassed expectations”, with the store now expecting profits to be at the top of its forecasts for the financial year to August. In a post-Christmas trading update, the online fashion retailer reported that group sales were…
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13 JanuarySupermarkets
Lidl posts 18% December revenue increase
Discount supermarket Lidl has reported that its revenue for the four weeks to 27 December rose by 18%, according to the BBC. More than six million glasses of prosecco and 2.7 million servings of panettone were sold by the retailer over the Christmas period, as the firm benefitted from restrictions…
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12 JanuaryHigh Street
British retailers suffer worst year on record, BRC reveals
British retailers suffered one of the worst years on record for sales growth, a new study by KPMG and BRC reveals. According to the pair’s ‘retail monitor’, total sales declined 0.3% compared with 2019. Sales on non-food items such as clothing also witnessed a 5.0% dip, due to national lockdowns…
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12 JanuaryOnline & Digital
Very records best ever Christmas sales
Very.co.uk has announced a 25.2% year-on-year increase in retail sales in the seven weeks up to and including 25 December 2020, marking the best recorded sales over a Christmas period to date. The increase in sales was predominantly due to Covid-19 pushing retail online, as government lockdown restrictions continued to…
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11 JanuaryFeatures
What’s next for Primark?
Primark’s opening statement for 2021 had a slightly more sombre tone than you would expect from one of the UK’s reigning fast fashion champions. In a brief statement issued by its parent company Associated British Foods, the store revealed how it now expects to lose and additional £220m in sales…
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11 JanuaryClothing & Shoes
JD Sports raises profit forecast to £400m
JD Sports has announced that its headline profit-before-tax for the full year to 30 January 2021 will be “significantly ahead” of the current market expectation of £295m to at least £400m for the full year. The news follows the fashion retailers Christmas trading update which showed that total revenues, on…
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8 JanuaryCoronavirus
Covid restrictions lead to first negative LFL sales in December
Despite a strong start to the month, retailers recorded a disappointing end to the Golden Quarter thanks to heightened Covid restrictions and expanding lockdowns, new figures by accountancy and business advisory firm BDO LLP reveal. According to BDO’s High Street Sales Tracker (HSST), total like-for-like (LFL) sales, combined in-store and…
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8 JanuaryNews
M&S sees clothing sales slip during festive period
Sales at Marks and Spencer’s retail and home department fell by 25.1% over the holiday period. In a post-Christmas trading update the company described its performance as “robust in the face of volatile Covid headwinds”, with total revenue from the second UK lockdown falling by 40.5%. While sales in M&S’s…
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