Sunday, 20 January 2019
Latest news
Main » Clothing review boosts Tesco Christmas trade

Clothing review boosts Tesco Christmas trade

12 January 2018

John Lewis reported gross sales up 2.5% for the six weeks to December 30, while its sister company Waitrose booked a comparable sales rise of 1.4%.

But Sir Charlie Mayfield, chairman of the partnership which owns the department store chain as well as supermarket Waitrose, admitted that pressure on profit margins had intensified amid rising costs thanks to the pound's Brexit-related weakness, and warned that trading would remain "volatile" for the year ahead.

However, when taking all of the Big 4 retailer's global markets into account, total like-for-like sales grew by 0.6 per cent during that period, but overall sales enjoyed a 1.8 per cent uplift.

The UK retail market faced a tough festive period as companies faced intense competition to win sales despite tightening consumer spending.

Wintry mix Wednesday night to turn to snow on Thursday
With wind gusts at peak speeds near 40 miles per hour, there's a potential for blizzard conditions on Thursday , he said. Here's a look at our forecast map for Friday night to give a general idea of the areas that could see wintry weather.

Shares in Tesco were trading down 4.2 percent at 1250 GMT, the second worst performer after Marks & Spencer (Frankfurt: 534418 - news), the high street retailer which reported a fall in like-for-like Christmas sales on Thursday.

Strong turkey sales for Sainsbury's and Lidl come as British supermarkets report financial results covering the Christmas period.

It said "ongoing under-performance" in its food arm saw sales fall 0.4%.

But Tesco missed overall group forecasts for Christmas trading as strong sales of fresh food were undermined by lower demand for general goods such as DVDs and computer games.

OJ Simpson addresses rumor he's Khloe Kardashian's dad reports that in 2013, Simpson's former manager claimed that Kris Jenner cheated on her husband with the football star. For years, rumours circulated that OJ Simpson had an affair with Kris Jenner and Khloe Kardashian is their secret love child.

Earlier this week, Marks & Spencer announced that Humphrey Singer, now group finance director at electronics retailer Dixons Carpohone, will be its new chief finance officer.

This helped it notch up a 2.3% rise in third quarter comparable sales.

The wholesaler, which was the UK's largest tobacco supplier, went into administration in November, resulting in lost sales across Tesco stores.

Clothing and homeware fell 2.8 percent, food also dropped by 0.4 percent despite being seen as the most successful sector.

Apparently, this is why Meghan Markle is always fiddling with her hair
Meghan Markle has deleted her Instagram and Twitter accounts in anticipation for her royal wedding to Prince Harry on May 19. Prince Harry , 33, is set to Wednesday American actress Meghan Markle on Saturday 19 May 2018.

M&S said a pick up in trading over the key Christmas weeks helped make up for a weak clothing market and more hard trading in its food business, with consumer spending under pressure amid a squeeze on budgets from inflation.

Clothing review boosts Tesco Christmas trade