Golden quarter news – Page 10
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NewsAnalysis: How should retailers approach a cost-of-living Black Friday?
These are dark times for Black Friday. With the threat of a recession growing with every government U-turn and consumer confidence plumbing historic lows, retailers are facing the event – and the crucial golden quarter – firmly on the back foot
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NewsSuperdrug freezes prices on 5,000 branded cosmetics
Superdrug has promised to freeze prices on 5,000 branded beauty products to help shoppers cope with rising inflation.
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NewsBoots boss: ‘This will be the most value Christmas ever’
Boots has unveiled its key Christmas trends, which include preparing for the “most value Christmas ever”.
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NewsAmazon unveils new Prime Sales event to help customers ‘spread seasonal spending’
Amazon has today announced the launch of a new two-day shopping Sale, Prime Early Access, in mid October, designed to help customers “spread out their seasonal spending”.
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NewsThree-quarters of consumers to cut Christmas spending due to cost-of-living crisis
More than three-quarters of customers are planning to reduce their spending on Christmas this year, with the cost-of-living crisis only set to deepen as the year goes on.
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NewsSuperdry swings to profit as it hails ‘signs of recovery’
Superdry has swung to a half-year profit and hailed “clear signs of brand and financial recovery” despite suffering a fall in sales.
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NewsPrimark posts festive sales gains but lags pre-pandemic levels
Primark has registered a spike in sales during the crucial Christmas trading period but lagged behind pre-pandemic levels.
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NewsHalfords and Poundland post golden-quarter growth
Halfords and Pepco, which owns Poundland, have both reported quarterly sales growth despite ongoing challenges presented by the pandemic.
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NewsAsos festive sales increase despite ‘challenging’ market conditions
Asos has posted an uplift in Christmas sales across the UK and US, but interim boss Mat Dunn flagged that supply chain issues drove “heightened clearance activity” over the festive period.
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NewsTesco upgrades profit guidance as festive sales rise
Tesco has reported an uplift in sales over the Christmas period as its share of customer grocery spend online and in store hit a four-year high.
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NewsM&S Christmas sales climb amid ‘robust’ clothing and home demand
Marks & Spencer boss Steve Rowe has hailed a “strong” uplift in Christmas sales across all divisions as the retailer’s clothing and home sales increased for the second successive quarter.
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NewsAldi hails ‘best Christmas ever’ after growing sales in December
Discounter Aldi has hailed its “best Christmas ever”, luring half a million Big Four customers across and being the only supermarket to grow sales during December.
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NewsB&M’s expected profits jump off back of ‘very strong golden quarter’
B&M has upped its adjusted EBITDA range for the full year off the back of what boss Simon Arora called “a very strong golden quarter” trading period.
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NewsShoppers seek bargains as Asos anticipates high Boxing Day demand
Sixteen million shoppers across the UK are expected to hit the Boxing Day sales this year, with consumers predicted to spend an average of £136 per person on the day.
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NewsGrocery bosses fear staff shortages as Omicron cases soar
Food industry leaders have warned the surge of Omicron cases in the UK could lead to staff shortages, cancelled deliveries and store closures during the crucial Christmas and new year trading period.
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NewsTesco ramps up supply by rail in time for Christmas
Tesco has launched a new refrigerated rail freight service that will help it deliver seasonal lines in the run-up to Christmas.
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NewsOcado predicts ‘best ever Christmas’ as it wins patent trial
Ocado has reported “strong momentum” in the lead-up to the festive period.
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NewsTesco reaches agreement with Unite but Usdaw Christmas strike talks ongoing
Tesco has reached an agreement on pay with staff at four distribution centres, averting strike action and reducing the possibility of empty shelves before Christmas.
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NewsLeading retailers reveal mega-sale-day strategy
Retailers are now offering a more varied approach to mega-sale-day [MSD] events such as Black Friday, with heavy discounting not the only means of drawing in customers, Retail Week’s latest virtual panel discussion will reveal on Wednesday.
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NewsBlack Friday footfall drops on high streets for first time as card transactions soar
The latest Black Friday data shows that while footfall fell on high streets for the first time ever, overall card transactions exceeded pre-pandemic totals.