Factbox: How Britain\'s retailers fared over Christmas

Factbox: How Britain's retailers fared over Christmas

Reuters 

(Reuters) - British retailers are giving updates on 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 after a major profit warning from the one-last month capped a torrid year for the sector marred by shop closures and bankruptcies.

On the high street the run up to 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 helped British clothing retailer Next to increase sales in the period, confounding fears of tough festive trading and lifting shares across the battered sector.

Reported on Jan. 2.

JOHN LEWIS

said sales in its department stores rose 4.5 percent in the week ending December 29, boosted by strong demand on 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 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.)

First Published: Thu, January 03 2019. 16:46 IST