Partly Cloudy

Partly Cloudy

max temp: 17°C

min temp: 14°C

Search

Retail: Currys, PC World, Argos and Primark all join list of Christmas retail winners

PUBLISHED: 12:57 16 January 2014 | UPDATED: 13:06 16 January 2014

Argos had its best Christmas in more than 10 years, owner Home Retail Group said today.

Argos had its best Christmas in more than 10 years, owner Home Retail Group said today.

The list of Christmas retail winners lengthened today with positive trading updates from the owners of chains include Currys, PC World, Argos and Primark.

Currys and PC World parent Dixons Retail said like-for-like sales in the UK and Ireland between November 1 and January 4 were 5% up, with a strong start to the period and a record-breaking Boxing Day offsetting a quiet two weeks immedidately before Christmas.

The UK performance was particularly notable, given tough comparatives a year earlier when Dixons’ sales were boosted by the collapse of rival Comet.

Across the group, however, like-for-like growth was restricted to 3% as a result of tougher conditions in some European markets, including an 8% fall in sales in Greece.

Argos owner Home Retail Group said the catalogue chain, which is undergoing a digital makeover, had its best Christmas in more than 10 years, with like-for-like sales up 3.8% in the 18 weeks to January, driven by demand for tablet computers and the new Xbox One and PlayStation4 games consoles.

Home Retail’s DIY business, Homebase, saw a better-than-expected 4.7% like-for-like increase, thanks to strong sales of “big ticket” items. However, the group warned that margins had suffered at both its chains as consumer electrical and big ticket items are less profitable.

Cycle and motoring products specialist Halfords said an “excellent” Christmas for sales of children’s bicycles had kept its recovery firmly on track, with like-for-like sales up 5.9% over the 15 weeks to January 10, including 20% growth in bikes.

Primark owner Associated British Foods (ABF)reported a 14% increase in total sales for the discount clothing chain in the 16 weeks to January 4.

ABF did not quote a like-for-like sales figure but said Primark’s performance had benefited from a strong performance by existing stores as well as an 8% increase in selling space.

And Thorntons said its sales were 6.3% up in the 14 weeks to January 11, helped by strong sales of advent calendars and a new range of chocolates based on festive film favourite The Snowman.

Growth in online and supermarket sales led the way while its own high street stores returned to like-for-like growth.

Search hundreds of local jobs at Jobs24

Two brothers from Suffolk have launched a business with the aim of designing and selling premium electronics at an affordable price.

Chancellor Philip Hammond must tackle the UK’s productivity problem if his budget is to improve people’s lives across the country, writes Richard Tunnicliffe, the CBI’s regional director for the East of England.

Power must be devolved to workers in Suffolk and Norfolk to reinvigorate industry and bridge a “great regional divide” on jobs, a new report urges.

The manager of an Essex pub that has been banned from holding outdoor music events due to noise complaints has spoken of the “ongoing battle” staff have faced with neighbours and councillors.

Aldi has unveiled plans for a new store in west Ipswich, which if approved could become the fifth in Ipswich and Martlesham.

Management Jobs

Show Job Lists

Most read

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24