Golden quarter news – Page 7
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NewsBurberry drops profit expectations as demand for luxury slows
Burberry has dropped its full-year profit guidance after it reported that sales in the run-up to Christmas were hit by waning demand for luxury.
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NewsMarks & Spencer sales rise across food and clothing
Marks & Spencer has posted a sales rise across its food, clothing and home categories over the Christmas period.
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NewsTesco upgrades profit guidance after ‘stronger performance than expected’
Tesco has upgraded its full-year profit guidance and said continued investments in its customer offer have resulted in a “stronger trading performance than anticipated”.
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NewsMarks Electrical reduces profit guidance despite sales rise
Marks Electrical has reduced its profit guidance despite growth in revenue and market share as “consumers remain highly price-conscious” in a challenging trading environment.
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NewsPandora hails ‘strong end’ to 2023 as trading beats expectations
Jewellery retailer Pandora has posted a “strong end to 2023” as sales during the golden quarter exceeded expectations and growth for the full year landed above guidance.
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NewsMajestic raises glass to ‘best-ever Christmas’
The UK’s largest specialist wine retailer, Majestic, has toasted its “best-ever Christmas” performance, with sales jumping by 8.1% over the period.
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NewsBoots delivers biggest ever Black Friday sales
Boots has reported strong sales and an 11th consecutive quarter of market share growth after delivering its biggest-ever Black Friday to date.
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NewsJD Sports issues profit warning after ‘soft’ peak trading
JD Sports has lowered its full-year profit guidance after revenue growth was hit by “milder weather”, “cautious” consumer spending and a peak trading season “softer” than anticipated.
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NewsNovember sales boost reflects ‘tactical’ spending ahead of Christmas
Retail sales increased in November, helped by Black Friday and “increased spending in the run-up to Christmas each year”, according to the Office for National Statistics (ONS).
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NewsUK consumer confidence ‘firmly in negative territory’ despite rise
UK consumer confidence had a “modest improvement” as it rose two points in December but remained “firmly in negative territory” as the cost-of-living crisis continues.
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NewsCurrys boss Baldock optimistic about Christmas as customers ‘treat themselves’
Currys chief executive Alex Baldock said customers have been “treating themselves” this year and he was positive about the festive season.
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NewsProCook boss expects profit to break even as it plans return to growth
ProCook chief executive Lee Tappenden has said he is “cautiously optimistic” about Christmas trading following a strengthened Black Friday performance.
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NewsProCook shows strong golden quarter trading
ProCook losses have improved, but the retailer is still in the red despite outperforming the market over Black Friday and the early part of Christmas trading.
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NewsSuperdrug launches early Sale ahead of Christmas
Superdrug has announced early reductions on Christmas gifting ahead of January as it commits to making the holiday more affordable and accessible to customers.
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NewsGrocery sales to hit £13bn for first time in December
Grocery sales are expected to surpass £13bn for the first time this December as “the scene is set for record-breaking spend through the supermarket tills this Christmas”.
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NewsAldi invests £12m in slashing prices on 180 Christmas products
Aldi has announced a £12m investment on prices, lowering the cost of 180 Christmas products by an average of 20%.
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NewsLidl predicts ‘record-breaking Christmas’ as customers stock up early
Lidl expects a “record-breaking Christmas” trading period, with footfall to stores jumping 11% in the past six weeks.
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NewsBoost in sales of toys and electricals as Black Friday footfall soars
Retailers have reported customers flocking for deals on toys and electricals ahead of Christmas as Black Friday footfall numbers surged across much of the country.
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NewsMore shoppers targeting Black Friday deals for Christmas shopping
More than four times the number of shoppers plan to do the majority of their Christmas shopping this Black Friday weekend this year compared to 2022.
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NewsRetail reliant on strong Black Friday after slow start to festive season
The retail sector is pinning its hopes on strong performance over the Black Friday weekend after a disappointing start to the festive trading season in terms of ecommerce performance.