Marks & Spencer reports a 2.1 per cent drop in food sales over the Christmas period

Mail Online | 1/10/2019 | Mark Duell for MailOnline
Kezzerxx (Posted by) Level 3
Click For Photo: https://i.dailymail.co.uk/1s/2019/01/10/09/8349536-0-image-a-8_1547112008771.jpg


Click For Video: https://videos.dailymail.co.uk/video/mol/2018/10/25/8083757098175778573/1024x576_MP4_8083757098175778573.mp4

Tesco and John Lewis have emerged as festive winners after recording a rise in sales over Christmas - but Marks & Spencer and Debenhams both reported falls.

Tesco's cut-price deals on 'Festive 5' vegetables, lamb and beef joints helped it report a 2.2 per cent rise in UK like-for-like sales over the festive period.

Results - Budget - Supermarkets - Week - Aldi

It follows positive results for budget supermarkets this week as Aldi saw sales jump 10 per cent over Christmas after a surge in demand for its premium products.

But M&S said today it had a 2.4 per cent fall in like-for-like clothing and home sales over its Christmas quarter to December 29, while food sales dropped 2.1 per cent.

Sales - Debenhams - Cent - Christmas - Period

Like-for-like sales at Debenhams were down 3.4 per cent over the Christmas period as it saw gross transactions fall 3.8 per cent in the six weeks to January 5.

However, Tesco has reported a 2.2 per cent rise in UK like-for-like sales over the festive period as the supermarket unveiled Christmas trading figures.

John - Lewis - Partnership - Sales - Cent

And the John Lewis Partnership said its sales rose 1.4 per cent to £2.2billion in the seven weeks to January 5, but it still expected full-year profits to fall substantially.

The FTSE 100 index at 8.45am was down 34.51 at 6872.12, while the pound at 9am was $1.2751 compared to $1.2763 at the previous close.

Tesco - Rise - Sales - Weeks - January

Tesco posted a rise in like-for-like sales in the six weeks to January 5, outperforming the wider market in food, clothing and general merchandise.

The retailer enjoyed its strongest rate of growth in Britain since December 2009 - and had its biggest UK Sunday sales day on record on December 23 last year, serving 766,000 customers in just an hour at one point.

UK - Ireland - Sales - Cent

Across both the UK and Ireland, comparable sales were up 2.6 per cent.

Tesco said its 'Festive 5' Christmas vegetable offer proved particularly...
(Excerpt) Read more at: Mail Online
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!