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FACTBOX-How Britain's retailers fared over Christmas

Tue, 22nd Jan 2019 09:51

(Adds Pets at Home Group, Dixons Carphone)

Jan 22 (Reuters) - British retailers are giving updates onChristmas trading, by far their busiest and most importantperiod of the year, stretching from "Black Friday" on Nov. 23 toearly January clearance sales.

Investors had been bracing for bad news after a major profitwarning from ASOS Plc last month capped a torrid yearfor the sector marred by shop closures and bankruptcies.

On the high street, the run-up to Christmas was marked bydiscounting while footfalls in shops after Dec. 25 fell comparedto previous years.

Following are the highlights:

Reported on Jan. 22

Pets at Home Group Plc

The retailer said the Saturday before Christmas was itsbiggest trading day ever, as it reported a 5.1 percent rise inquarterly like-for-like revenue.

Reported on Jan. 22

Dixons Carphone

Dixons' turnaround plan has made a good start, the Britishretailer said, reporting a small rise in underlying revenue inthe key Christmas period and keeping its full-year profitguidance.

Reported on Jan. 17

Associated British Foods Plc

The Primark owner said total sales at the fashion chain rose4 percent at constant currency, though like-for-like sales saw"a modest decline" in the 16 weeks to Jan. 5.

Reported on Jan. 15

Boohoo Group Plc

The British online fashion retailer bucked the trend of atough Christmas for clothing retailers, reporting robust salesand raising its full-year revenue forecast.

Reported on Jan. 14

JD Sports Fashion Plc

Britain's biggest sportswear retailer forecast annual profitat the higher end of expectations on Monday as the companyrefused to cut prices in a tough retail environment.

Reported on Jan. 11

AO World Plc

The UK online electrical retailer said on Friday salesgrowth slowed in its home market in the Christmas quarter,though it maintained its forecast for the full year.

Reported on Jan. 10

Tesco Plc

Britain's biggest retailer beat forecasts with a 2.2 percentrise in like-for-like sales in Britain over Christmas, saying itoutperformed the market in food, clothing and generalmerchandise.

Reported on Jan. 10

John Lewis Partnership

Britain's biggest department store operator, said its salesrose 1.4 percent to 2.2 billion pounds ($2.8 billion) in theseven weeks to Jan. 5, but said it still expected full-yearprofits to fall substantially.

Reported on Jan. 10

Marks & Spencer Group Plc

The British retailer suffered another quarter of fallingunderlying sales in both clothing and food.

Reported on Jan. 10

Debenhams Plc

The British department store group is in talks with lendersand looking to bring in new sources of funding as it battles tosurvive following another plunge in sales.

Reported on Jan. 9

J Sainsbury Plc

Britain's No. 2 supermarket chain reported aworse-than-expected fall in Christmas sales, confirming thatBritain's second-largest supermarket group has fallen behindcompetitors as it battles to acquire smaller rival Asda.

Reported on Jan. 9

Mothercare Plc's

The British baby products retailer's third-quarter groupsales slipped 18 percent on lower online sales of baby productsand fewer discounts, which led to a double digit dip in UKlike-for-like revenue.

Reported on Jan. 9

Ted Baker Plc

The fashion retailer reported higher sales in the holidayperiod, boosted by a surge in online demand and said it was"business as usual" at the brand as an investigation intoreports related to the conduct of its founder continue.

Reported on Jan. 8

WM Morrison Supermarket Plc

Britain's fourth largest supermarket group missed Christmassales forecasts as weak consumer demand hit its retail andwholesale businesses.

Reported on Jan. 7

Aldi UKThe British arm of the German discount supermarket, said itssales increased around 10 percent to almost 1 billion pounds($1.28 billion) in December, driven by increased demand for itspremium ranges.

Reported on Jan. 3

Next Plc

A late surge in online demand helped the British clothingretailer to increase sales in the Christmas period, confoundingfears of tough festive trading and lifting shares across thebattered sector.

Reported on Jan. 2

John Lewis

Britain's biggest department store operator said sales inits department stores rose 4.5 percent in the week ending Dec.29, boosted by strong demand on Christmas Eve and "a confidentstart to post-Christmas clearance both online and in shops".

Reported on Dec. 29

HMV

The music retailer called in the administrators for thesecond time in five years after it said demand for CDs and DVDswas disappearing. One of the best known names on the highstreet, it plans to keep the business running while it tries tofind a buyer.

(Reporting by Kate Holton, Noor Zainab Hussain and SamanthaMachado; Editing by Keith Weir, Bernard Orr and ShounakDasgupta)

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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