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Group revenue at Shop Direct was up 3.7% year on year for the seven weeks ended 28 December 2018, driven by strong clothing and footwear sales and overall growth at Very.
Quiz has revised its revenue and profit forecasts for the full year following “challenging trading conditions” over the all-important Christmas period.
Marks & Spencer chief executive Steve Rowe has insisted that the retailer’s decision not to partake in Black Friday last year was the right one, despite reporting weak sales in November.
High street giant Next has dropped its full-year profit guidance for the year by 0.6%, despite a rise in full-price sales of 1.5% over the Christmas period.
London’s West End has bucked the Boxing Day footfall decline this year, with a 15% increase by 10.30am compared to the same period last year.
Selfridges has taken over £4m in the first few hours of its Boxing Day Sale.
Keep in touch, as we have plenty going on online over the festive season.
High street retailers are expecting Christmas trade to be worse than last year as a mood of “doom and gloom”, and economic uncertainty prevail.
Independents across the UK have enjoyed a strong autumn season so far and are optimistic about Christmas, as more consumers seek unique products and store experiences.
The average consumer will spend £420 on presents this year, but a smaller proportion will be on fashion, PwC’s Christmas trading predictions suggest.
It’s that time of year again - send in your entries now to have a chance of winning Drapers’ Christmas windows competition for independent fashion retailers.
Scotch & Soda has decorated six London buses as part of its Christmas marketing campaign.
Mulberry has kicked off its #MulberryLights festive campaign, which “celebrates how light, colour, shapes and people come together to create a modern British Christmas”, with interactive, in-store experiences.
Christmas spending among UK consumers is expected to drop this year to £60bn, research by American Express has found.