Partly Cloudy

Partly Cloudy

max temp: 4°C

min temp: -2°C

ESTD 1874 Search

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

12:57 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

0 comments

New trains are to be introduced on Greater Anglia's lines.

Abellio has agreed to sell 40% of the Greater Anglia rail franchise to Japanese company Mitsui – the first time a company from that country has taken a bid in a UK rail operator.

From left, Michelle Pollard, John Nice and Dayle Bayliss.

The organisation behind one of the biggest events in the Suffolk skills calendar has announced a new chair and vice chair as it enters its fourth year.

Greggs chief executive Roger Whiteside.
Photo: Simon Williams/Greggs/PA Wire

High street baker Greggs yesterday reported stellar fourth-quarter trading, lifting expectations for its full-year results.

Could your savings work harder for you?

January is a difficult month, and saving is the furthest thing from your mind as you pay off the inflated credit card bills and eek out December’s pay packet.

Away Resorts chief executive Carl Castledine at the Sandy Balls Holiday Village in Hampshire.

Fast-growing UK holiday parks operator Away Resorts, which last year acquired the Mersea Island park in Essex, has expanded again with a deal to buy the Sandy Balls Holiday Village in Hampshire, bringing its portfolio of properties to a total of six.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24