Shoppers on Oxford Street on December 24, 2016.Jack Taylor/Getty Images
It’s “Super Thursday” for British retailers and supermarkets, with Tesco, Marks & Spencer, John Lewis, Debenhams, JD Sports, Primark-owner Associated British Foods, and more all reporting on how they did over Christmas.Christmas is a crucial period for retailers and can make or break an entire year, particularly for department stores and clothing retailers.
We have already heard from Sainsbury’s and Morrisons this week, both of who reported solid performance over the Christmas period, and Next, who had a dreadful time. Figures from the British Retail Consortium (BRC) earlier this week also showed a 1.7% rise in December sales, largely thanks to food sales.
Michael van Dulken, head of research at Accendo Markets, says in an email on Thursday morning: “At first glance, treading would appear to have been solid into the Christmas period.”
However, not everyone performed equally. Here is how the High Street fared: