Tag : trading updates
Lower prices, reduced discounting and a focus on differentiating product were key to Marks & Spencer’s clothing turnaround over the Christmas period, as the retailer kicked off its “self-help story”, according to chief executive Steve Rowe.
John Lewis Partnership has reported positive Christmas results, but warned that its full-year staff bonus is likely to be “significantly lower” than last year due to external pressures on trading.
HoF in good shape for challenging 2017, says CEO Subscription
House of Fraser chief executive Nigel Oddy has said the department store group is in a good position for the “challenging” year ahead, following a solid Christmas performance.
Festive sales up at JoulesSubscription
Joules reported a 22.8% increase year on year in retail sales over the Christmas period.
Online triumphed over bricks-and-mortar during the festive season, as multichannel operators and pureplay etailers enjoyed “bumper” sales in the run-up to Christmas.
Temperature drop lifts sales for indiesSubscription
Sales rise as autumn weather kicks in.
Spending on fashion falls in SeptemberSubscription
There was a welcome pick-up in overall household expenditure in September, but spending on clothing and footwear fell for the second month in a row, data compiled by Visa shows.
More unseasonable weather disrupts independents’ sales, as Brexit nerves recede
“Retailers are extremely challenged right now,” said the group chief executive of Li & Fung, Spencer Fung, today, as the global supply group revealed lower order volumes for the first six months of the year.
Late summer surge in John Lewis fashion sales Subscription
Fashion sales at John Lewis edged up 1.2% for the week to August 20 as this week’s warmer weather prompted late sales of summer stock.