Golden quarter news – Page 5
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Asos 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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Tesco 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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M&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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Aldi 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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B&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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Shoppers 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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Grocery 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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Tesco 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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Ocado 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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Tesco 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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Leading 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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Black 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.
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Shoppers facing biggest Christmas price rises in 30 years
Shoppers are facing the biggest price rises in 30 years this Christmas after fears of availability issues sent customers racing to shops in November.
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Black Friday spending expected to soar despite fewer deals
Shoppers are set to splurge this Black Friday, with experts predicting this could be the biggest shopping event in the UK yet despite a lack of deals.
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eBay predicts small businesses poised to profit from supply chain crisis
eBay has revealed that small businesses are likely to benefit from consumer uncertainty about stock and supply chain problems this Black Friday and festive season.
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Asda, M&S and Boots target tens of thousands of workers amidst UK labour crisis
Asda, Marks & Spencer and Boots have become the latest retailers to set out temporary worker targets for the festive period with all looking to hire thousands of workers despite the UK labour shortage.
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Government must ‘get a handle’ on supply chain disruption, experts warn
Business leaders have called on the government to “get a handle” on Britain’s supply chain crisis as fears mount that some food production may have to move out of the UK.
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Feelunique hails strong golden quarter as retail and marketplace sales soar
Pureplay cosmetics brand Feelunique has reported strong sales growth across its direct retail and marketplace channels over the Christmas period.
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December footfall plunges as retailers plead for more government support
Retailers have renewed calls for the government to provide the sector with greater financial support after footfall plunged during December.
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Next edges up profit guidance after stronger than expected Christmas sales
Next has upped its full-year profit guidance again after delivering “much better” sales over the Christmas period than expected in previous guidance