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Retail Christmas: winners and losers Retail Christmas: winners and losers
(1 day later)
Theo Fennell
Celebrity jeweller Theo Fennell issued a profit warning after demand for its jewel-encrusted skulls with five-figure price tags faded during a "disappointing" Christmas
TescoTesco
Tesco beat City forecasts with news on Thursday of a 1.8% increase in Christmas sales, throwing into question Sainsbury's claim that it was the "clear winner" of the festive trading period. Strong food sales and a big increase in online shoppers helped drive Tesco's like-for-like sales growth for the six weeks to 5 January to its strongest in three years. Analysts had expected a figure of around 1%. Tesco beat City forecasts with a 1.8% increase in Christmas sales, throwing into question Sainsbury's claim that it was the "clear winner" of the festive trading period
Marks & SpencerMarks & Spencer
Marks & Spencer was on Wednesday night forced to admit to a bigger than expected drop in Christmas sales in a hastily arranged trading statement forced out after the stock market had closed. After a potentially damaging leak of the figures, the retailer published the official numbers almost 12 hours ahead of their scheduled release of 7am on Thursday. Marks & Spencer admitted a bigger than expected drop in Christmas sales in a hastily arranged trading statement after the stock market had closed. After a potentially damaging leak, the retailer published the numbers 12 hours ahead of their scheduled release
GreggsGreggs
Greggs, the high street baker and sandwich shop, has become the latest retailer to be hit by the stuttering economy despite selling 8.5m mince pies over Christmas. The chain said sales in stores opened more than a year were down by 2.9% over Christmas, which the company blamed on having to compare its performance with a stellar period last year when like-for-like sales rose by 5.1%. Greggs, the high street baker and sandwich shop, became the latest retailer to be hit by the stuttering economy despite selling 8.5m mince pies over Christmas. The chain said sales in stores opened more than a year were down by 2.9% over Christmas
JessopsJessops
Up to 2,000 jobs are at risk at the troubled high-street camera chain Jessops after it became the latest high-profile victim of the prolonged economic downturn and collapsed into administration on Wednesday Up to 2,000 jobs are at risk at the troubled high-street camera chain Jessops after it became the latest high-profile victim of the prolonged economic downturn and collapsed into administration
Sainsbury'sSainsbury's
Sainsbury's has boasted it will emerge from the Christmas trading season as the "clear winner". The company unveiled its 32nd consecutive quarter of underlying sales growth – although the figure was down from the previous quarterSainsbury's has boasted it will emerge from the Christmas trading season as the "clear winner". The company unveiled its 32nd consecutive quarter of underlying sales growth – although the figure was down from the previous quarter
DebenhamsDebenhams
Department store saw record December sales as it offered discounts across the store, with prices 50% lower on some knitwear, lingerie and beauty lines. Like-for-like sales up 5% amid 'toughest trading for 40 years'Department store saw record December sales as it offered discounts across the store, with prices 50% lower on some knitwear, lingerie and beauty lines. Like-for-like sales up 5% amid 'toughest trading for 40 years'
Majestic WineMajestic Wine
Wine retailer says sales growth over festive season was hampered by aggressive discounting at supermarkets - like-for-like sales, which do not count the impact of new store openings, ticked up 1.1% in the seven weeks to 31 DecemberWine retailer says sales growth over festive season was hampered by aggressive discounting at supermarkets - like-for-like sales, which do not count the impact of new store openings, ticked up 1.1% in the seven weeks to 31 December
MorrisonsMorrisons
Sales drop 2.5% over the festive period as recession hit customer spending in its northern heartlands - and grocery retailer is hit by migration to cheaper rivals and more affluent consumers heading onlineSales drop 2.5% over the festive period as recession hit customer spending in its northern heartlands - and grocery retailer is hit by migration to cheaper rivals and more affluent consumers heading online
House of FraserHouse of Fraser
Department store announces a 6.3% rise in like-for-like sales, with online sales rising by almost 50% in the six weeks to 5 January - early discounting and fashion focus behind the rise, retailer saysDepartment store announces a 6.3% rise in like-for-like sales, with online sales rising by almost 50% in the six weeks to 5 January - early discounting and fashion focus behind the rise, retailer says
NextNext
Bumper online sales and fewer clothing markdowns boosted profits over the crucial trading period. The UK's second largest clothing retailer has pencilled in annual profits of £611m to £625m after a tight rein on costs and fewer sale markdowns boosted coffersBumper online sales and fewer clothing markdowns boosted profits over the crucial trading period. The UK's second largest clothing retailer has pencilled in annual profits of £611m to £625m after a tight rein on costs and fewer sale markdowns boosted coffers
John LewisJohn Lewis
Like-for-like sales at the department store jumped 13% in the five weeks to 29 December, a period that included three record-breaking weeks. Online sales were 44% higher than last year with Johnlewis.com now a conduit for £1 out of every £4 spent with the storeLike-for-like sales at the department store jumped 13% in the five weeks to 29 December, a period that included three record-breaking weeks. Online sales were 44% higher than last year with Johnlewis.com now a conduit for £1 out of every £4 spent with the store
FoylesFoyles
Internet sales helped counter a drop in trade at its high street stores. The independent bookseller said sales at its five shops were down 3.7% in the 24 days to Christmas Eve, but the inclusion of website orders meant an overall fall of only 2%Internet sales helped counter a drop in trade at its high street stores. The independent bookseller said sales at its five shops were down 3.7% in the 24 days to Christmas Eve, but the inclusion of website orders meant an overall fall of only 2%