Partly Cloudy

Partly Cloudy

max temp: 20°C

min temp: 13°C

ESTD 1874 Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

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.

0 comments

Keith Senior is pictured at Jacobs Allen in Bury St Edmunds

Concerns have been raised about how Thursday’s decision to quit the EU will affect mortgage rates and foreign travel.

Suffolk Chamber chief executive John Dugmore

The Government must press head with its commitment to major infrastructure projects in the East of England, despite uncertainty created by the UK’s vote to leave the European Union, leaders at Suffolk Chamber of Commerce said today.

The QD store in St Mathews Street, Ipswich has closed down.

Discount store QD has closed down its last remaining store in Ipswich after a fall in sales, the company has announced.

The new Greene King beer café, which stands alongside the company's Bury St Edmunds brewery.

Suffolk-based pubs and brewing group Greene King has received its fifth consecutive Certificate of Excellence from travel review website TripAdvisor for the quality of its Westgate Brewery tours in Bury St Edmunds.

Starbucks in the Buttermarket which is set to close on March 19th.

A third Starbucks coffee shop is set to open in Ipswich, it has been announced – just a year after the chain pulled out of its store in the Buttermarket.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

Great British Life

Great British Life
MyDate24 MyPhotos24