Christmas retail news – Page 69
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Verdict: Retailers facing dismal Christmas
Retailers are facing the “toughest trading environment ever” this Christmas according to research company Verdict, which is predicting the second lowest consumer spending growth in a fourth quarter for 20 years.
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The Entertainer holds out hope for Christmas despite sales blip
Toy retailer The Entertainer has revealed like-for-like sales dipped 3.7 per cent in the eight months to September 30, but remains “quietly optimistic” about Christmas.
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Retailers predict top-selling toys this Christmas
Animals, babies and High School Musical products all feature highly in this year’s prediction for top-selling Christmas toys.
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Woolworths: Last big credit insurer withdraws cover
Woolworths is facing more instability in the run up to Christmas after another credit insurer has withdrawn cover from the beleaguered business.
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Argos to recruit far fewer seasonal staff this Christmas
Catalogue store group Argos will recruit 15,000 temporary staff this Christmas – a 25 per cent drop on last year’s number.
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Three quarters of retailers record positive Christmas like-for-likes
Nearly three quarters of retailers recorded positive like-for-like sales for the Christmas period, according to a report published by Deloitte.
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Morrisons to maintain pace with ads in 2008
Morrisons chief executive Marc Bolland promised there would be no let-up in ad spend in the next financial year as the Bradford-based grocer delivered market-beating Christmas trading figures.
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NewsTJ Hughes puts paid to plunging profits with a positive Christmas
Discount department store group TJ Hughes has delivered a substantial turnaround from a profit slump of almost 100 per cent in the year to January 2007.
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Argos’s Christmas driven by multichannel growth
Argos, Home Retail’s flagship chain, outperformed specialist rivals over Christmas thanks to its multichannel strength.
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Asos festive sales dazzle
Asos sales soared 86 per cent year on year for the seven weeks to January 20.
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Kookaï has a sparkling Christmas
Kooka UK has reported a 9 per cent increase in like-for-like sales over the Christmas period, in the eight weeks to January 10.
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EBTM turns a profit
Branded music apparel retailer Everything But The Music (EBTM) made 3.59 million in the year to October 31 last year.
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Morrisons’ Christmas ahead of the pack
Morrisons trounced its supermarket competitors to report a bumper Christmas, when like-for-like sales advanced 9.5 per cent in the six weeks to January 6.
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Retail sales slow down
Shoppers opened their purses sparingly at Christmas, as official figures showed retail sales started to slow down.
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Home shopping groups avoid slump with solid like-for-likes
Home shopping continued to outperform market expectations as N Brown, Ideal Shopping Direct and Findel all reported strong like-for-like sales growth over the Christmas trading period.
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Boots Christmas like-for-likes exude health
Alliance Boots is understood to have bucked the dismal Christmas trading trend to post healthy like-for-like sales in the final quarter of 2007.
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Worth It is ticket to Woolworths’ return to profit
Woolworths expects to return its retail arm to profit this year, helped by the success of its Worth It value range.
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Pampered pooches spur on Pets at Home
While many retailers suffered a dog of a Christmas, heavy spending on presents for pets delivered a seasonal sales surge for specialist Pets at Home.
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Tesco shares oversold, analysts claim
Tesco’s shares plunged as the retailer became the latest big name for analysts to brand oversold after a disappointing Christmas.