ALSO READTesco's Christmas tarnished by poor sales of DVDs and games Unwanted gifts spoil Tesco's Christmas M&S's clothing sales to fall again as UK grocers show resilience Morrisons, Tesco and discounters stand out in Christmas battle Sainsbury's cautious on 2018 as Christmas sales just beat forecasts
Following are highlights:
Reported on Jan. 11:
Marks & Spencer
British greeting cards retailer Card Factory, which sells most of its products for under a pound, said it delivered solid sales growth in the Christmas period and like-for-like sales in the period were driven by lower margin non-card categories, such as gifts and dressings.
Reported on Jan. 10:
British supermarket group Sainsbury's cautioned on Wednesday that the market for general merchandise and clothing would be tough in 2018, taking the shine off a slight upgrade to its forecast for annual profit. Its general merchandise sales fell 1.4 percent in the 15 weeks to Jan. 6, its fiscal third quarter, having fallen 1.6 percent in the previous quarter.
Reported on Jan.9:
Reported on Jan.8:
British baby goods retailer Mothercare Plc warned that its full-year profit would be much lower than expected as it did not see any improvement in the UK market in the short term, sending its shares tumbling to their lowest ever. The company said online sales in Britain fell 6.9 percent during the 12 weeks to Dec. 30, including the key Christmas season.
Reported on Jan.5:
However, the company warned a softer consumer environment and cost inflation would drag on profitability at its high-street outlets.
Reported on Jan.4:
Aldi UK, the British arm of the German discount supermarket chain, said its sales rose over 15 percent in December year-on-year, a record Christmas performance that was driven by strong demand for its premium ranges.
Retailer Debenhams said its British like-for-like sales at constant currency fell 2.6 percent in the 17 weeks to Dec. 30, reflecting a volatile and competitive market in the autumn and a disappointing first week of its post-Christmas sale. It also downgraded its profit forecast after it slashed prices to drive sales in the run-up to Christmas and cut them again after shoppers failed to turn out for its clearance sale.
Reported on Jan.3:
Poundland, which is owned by troubled South African group Steinhoff, said it enjoyed a record Christmas, with sales up 5.6 percent in the 12 weeks to Dec. 24.
British clothing retailer Next raised its full-year profit forecast after beating guidance for sales in the run-up to Christmas, as colder weather helped sales of winter clothes. Its shares surged as much as 10 percent.
($1 = 0.7384 pounds)
(Compiled by Rahul B and Radhika Rukmangadhan; Editing by Jane Merriman and Mark Heinrich)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)