You are here: Home » Reuters » News
Business Standard

Factbox: How Britain's retailers fared over Christmas

Reuters 

(Reuters) - British retailers are giving updates on the key trading period stretching from "Black Friday" on Nov. 24 to clearance in early January.

Following are highlights:

Reported on Jan. 11:

Tesco

Britain's biggest retailer missed forecasts for trading as strong were undermined by weak demand for general goods such as DVDs and computer games.

John Lewis

British retailer warned that trading was likely to remain volatile in 2018 after higher costs and tough competition blunted the benefits of solid

Marks & Spencer

British retailer reported better than expected of both clothing and in the key quarter and said it was maintaining financial guidance for its full 2017-18 year.

British greeting cards retailer Card Factory, which sells most of its products for under a pound, said it delivered solid growth in the period and like-for-like in the period were driven by lower margin non-card categories, such as gifts and dressings.

British said it enjoyed strong growth in the UK over the peak trading period with the biggest push in coming from deals.

takeover target Booker said total grew 3.4 percent in 16 weeks to Dec. 29 with non-tobacco rising 5.9 percent in the period.

Reported on Jan. 10:

Sainsbury

British group 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 fell 1.4 percent in the 15 weeks to Jan. 6, its fiscal third quarter, having fallen 1.6 percent in the previous quarter.

UK

Discount UK said it grew by 16 percent in the period as it set a record for the number of customers coming into its stores in December.

Ted Baker

British reported higher in the period, as surged, sending its shares to a near one-year high.

Superdry

said it saw strong growth at its business in the peak trading period.

Moss Bros

Group Plc said it faced a very tough December trading environment leading to a significant reduction in store footfall.

Reported on Jan.9:

Morrisons

Britain's fourth biggest chain beat growth forecasts over Christmas, with the rate of growth picking up from the previous quarter.

Majestic Wine

British said underlying in the season grew 4.1 percent and added it was on track to meet full-year expectations.

Reported on Jan.8:

British 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 in fell 6.9 percent during the 12 weeks to Dec. 30, including the key season.

Reported on Jan.5:

Crawshaw

British said it saw strong core festive trade, with in the week leading up to crossing 1.8 million pounds ($2.4 million).

However, the company warned a softer consumer environment and cost inflation would drag on profitability at its high-street outlets.

Reported on Jan.4:

UK

UK, the British arm of the German discount chain, said its rose over 15 percent in December year-on-year, a record performance that was driven by strong demand for its premium ranges.

Debenhams Plc

Retailer Debenhams said its British like-for-like 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-sale. It also downgraded its profit forecast after it slashed prices to drive in the run-up to and cut them again after shoppers failed to turn out for its clearance sale.

Reported on Jan.3:

Poundland

Poundland, which is owned by troubled South African group Steinhoff, said it enjoyed a record Christmas, with up 5.6 percent in the 12 weeks to Dec. 24.

Next Plc

British clothing retailer Next raised its full-year profit forecast after beating guidance for in the run-up to Christmas, as colder weather helped of winter clothes. Its shares surged as much as 10 percent.

John Lewis

Department reported an 8.9 percent jump in total in week with big increases from fashion, homeware and

($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.)

First Published: Thu, January 11 2018. 19:47 IST
RECOMMENDED FOR YOU