The Fragrance Shop has enjoyed a bumper Christmas after gift sets and celebrity-endorsed luxury scents drove a rise in like-for-like sales during the crucial trading period.
Matalan has enjoyed growth in both operating profit and full-price sales during its third quarter and Christmas trading period. Over the 13 week period ending November 25, EBITDA surged by 27.9 per cent year-on-year to £44.9 million, while over the five-week period ending December 30 it grew 15.5 per cent year-on-year to £22.3 million.
Discount retailer B&M has revealed a sharp rise in third quarter sales, boosted by record Christmas trading. In the 13 weeks to December 23, total sales increased by 22.7 per cent on a constant currency basis. On an actual currency basis, total sales climbed by 22.9 per cent to £969.8 million
Marks & Spencer has recorded a mixed bag of results during its Christmas quarter with a slowdown in trading in its food halls and yet another steep decline in sales in its embattled clothing arm. For the 13 week period ending December 30, the high street giant raked in £1.19 billion in sales in its its UK clothing and home division, which represented a 2.3 per cent drop on a total basis and a 2.8 per cent fall on a like-for-like basis
Sainsbury’s has upgraded its full-year profit forecast after enjoying record sales rises over the Christmas period. In its third quarter trading update covering 15 weeks ending January 6, the Big 4 retailer posted a 1.1 per cent rise in like-for-like sales
Fat Face has reported strong sales over the Christmas season, with its half-year report also indicating a recovery in some profits and sales after a gloomy previous year. According to unaudited results for its 26 week period ending December 2, total sales was up by 12 per cent to £120 million, compared to £107 million the year prior. Fat Face’s total EBITDA also increased eight per cent year-on-year, along with a like-for-like sales increase of seven per cent.
Joules has welcomed news of its “strong performance” over the Christmas period, which saw a spike in sales. READ MORE: Joules sales jump 20% amid continued expansion Joules, H&M and BoohooMAN launch activewear ranges as craze continues For the seven week period ending January 7, the lifestyle and fashion retailer recorded a 19.2 per cent year-on-year uptick in sales, which it attributed to continued demand and growth in store and online. Retail gross margin over the same period is expected to be “in line with” the prior year
Mothercare has issued a profit warning after a dire performance in in the UK during the run-up to Christmas, with consumer spending falling in both stores and online. The maternity and babywear retailer said UK like-for-like sales plunged 7.2 per cent its third quarter period ending December 30, while online sales tumbled 6.9 per cent.
Debenhams has warned that earnings this year would be less than forecast after a disappointing Christmas trading period which saw sales fall flat. In a trading update covering the 17-week period to December 30 – which was brought forward from next week – the department store said pre-tax profit would probably fall between £55 million and £65 million in the current fiscal year should current volatile, competitive market conditions persist
Next is set to reveal its Christmas trading figures this week with analysts predicting further disappointing results for the fashion giant.