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- 2019 -11 JanuaryHigh Street
B&M shrugs off Christmas retail woes with strong revenue growth
Bargain retailer B&M has reported a 12.1% increase in group sales revenue growth for the 13 weeks to 29 December 2018. UK sales revenue for the period also increased by 4.5% to £874.5m, compared with £837m last year, however, life-for-like sales decreased by 1.6%, against the increase of 3.9% in…
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11 JanuaryClothing & Shoes
Quiz issues profit warning
Fashion brand Quiz has issued a profit warning despite an 8.4% increase in group revenue in the six-week period from 25 November 2018 to 5 January 2019 against the comparable period last year. This was below anticipated revenues and resulted in a “higher than anticipated” level of discounting to clear…
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10 JanuaryDepartment Stores
Debenhams chairman ousted by Mike Ashley
The chairman of Debenhams, Sir Ian Cheshire, has resigned with immediate effect after Mike Ashley and other shareholders voted him off the board at the company’s AGM. It is understood Sports Direct, which is controlled by Mike Ashley and is a 29.7% shareholder in the business, along with Dubai-based Landmark, another…
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10 JanuaryDepartment Stores
John Lewis staff face missing out on bonus for first time since 1953
John Lewis staff could lose their share of the department store giant’s profit for the first time since 1953. Traditionally, John Lewis pays a share of its profit to its 83,000 workers, however this has been brought into doubt after the retailer said it would “consider carefully” whether the bonus…
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10 JanuaryEconomy
Worst Christmas for retail in a decade, says the BRC
The retail sector has seen its worst Christmas performance in 10 years, despite a number of businesses reporting positive trading for the period. According to the British Retail Consortium (BRC), over the festive period retail sales growth was at 0% for the first time in 28 months as “squeezed customers”…
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10 JanuaryDepartment Stores
Debenhams suffers sales struggle over Christmas
Department store chain Debenhams has reported a 3.4% drop in group like-for-like (LFL) sales for the six weeks to 5 January. Group gross transaction value for the period declined by 3.8%, and and overall UK sales declined by 3.6%, with weak store footfall offset by growth in digital. For the…
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10 JanuarySupermarkets
Tesco reports strong sales over Christmas period
Tesco has beaten City forecasts with a 2.6% increase in like-for-like sales over the six week period ending 5 January. Tesco attributed the growth to its ‘Festive 5’ vegetable offer which proved popular with customers, selling 19.7 million units over the three weeks to Christmas. It also experienced like-for-like sales…
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10 JanuaryClothing & Shoes
M&S sales drop amid ‘difficult’ market
Marks and Spencer has reported a 2.7% drop in its total sales for the 13 weeks to 29 December 2018. Its clothing and home sales saw a 4.8% decline and its food performed slightly better, but still saw a drop with a 1.2% decrease. The retailer said reducing customer confidence…
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9 JanuarySupermarkets
Sainsbury’s Q3 sales decline 1.1% due to ‘cautious’ customers
Sainsbury’s has reported a 1.1% decline in like-for-like sales during its third quarter which it has attributed to “cautious customer spending”. During the 15 week period ending 5 January the ‘big four’ grocer experienced a 0.4% increase in grocery sales, however this was offset by a by 2.3% and 0.2%…
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9 JanuaryClothing & Shoes
Ted Baker announces 12% Christmas sales rise
Ted Baker has announced a 12.2% retail sales rise for the five weeks leading up to 5 January 2019. The fashion label said it had achieved the positive figures despite “a backdrop of increased promotional activity”. The brand said it had also seen an increase in e-commerce sales of 18.7%…
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