Factbox: How Britain's retailers fared over Christmas

Image
Reuters
Last Updated : Jan 03 2019 | 4:55 PM IST

(Reuters) - British retailers are giving updates on Christmas trading, by far their busiest and most important period of the year, stretching from "Black Friday" on Nov. 23 to early January clearance sales.

Investors had been braced for bad news after a major profit warning from the one-time online darling ASOS last month capped a torrid year for the sector marred by shop closures and bankruptcies.

On the high street the run up to Christmas was marked by discounting while the number of shoppers hitting the shops after December 25 fell on previous years.

Following are the highlights:

Reported on Jan. 3.

Next

A late surge in online demand helped British clothing retailer Next to increase sales in the Christmas period, confounding fears of tough festive trading and lifting shares across the battered sector.

Reported on Jan. 2.

JOHN LEWIS

John Lewis said sales in its department stores rose 4.5 percent in the week ending December 29, boosted by strong demand on Christmas Eve and "a confident start to post-Christmas clearance both online and in shops".

Reported on Dec. 29.

HMV

Music retailer HMV called in the administrators for the second time in five years after it said demand for CDs and DVDs was disappearing. One of the best known names on the high street, it plans to keep the business running while it tries to find a buyer.

(Reporting by Kate Holton; Editing by Keith Weir)

(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.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 03 2019 | 4:46 PM IST

Next Story