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UK Christmas Trading Analysis19th January 2009January 2009 has seen a raft of performance figures released both by grocery and non-food retailers. Together they give the latest insight to the UK economy.This section provides a summary of the key Christmas trading results for the major multiples, other food retailers and key non-food retailers. UK Grocers - Like-for-Like Sales
Source: IGD The BRC's Retailer Sales Monitor performance figures, issued for December, reveal that the UK food and grocery sector has continued to deliver a robust performance. Although sales across the UK retail sector as a whole fell by 1.4% against the year on a total basis, and 3.3% on a like-for-like basis, food along with footwear, were the only sectors to show sales up on a year ago. UK Retail - Like-for-Like Sales
Source: IGD WaitroseWaitrose has signalled a surge in sales over the Christmas period, with a +5.4% total sales increase over the 12-day Christmas period, ending 3 January, and a +3.1% like-for-like increase. The period included the retailer's "best-ever single day of trading" on 23 December. The Co-operative GroupThe Co-operative Group has revealed Christmas trading figures for the three weeks ending 3 January. The Group posted a food like-for-like increase of +6.0% (ex-fuel) for the period, part of a Q4 like-for-like increase of +5.2%. Over the 2008 calendar year, the retailer indicated that like-for-like sales had grown by +4.9%, driven by its store refit programme, range investment, and excellent performance from seasonal categories and fresh foods. The Group also noted significant growth in its online electrical business, with a +30% increase in sales in the week prior to Christmas. M&SQ3 trading figures at M&S, covering the 13 weeks to 27th December, show sales across the group down by 1.2%. In the UK, sales fell by 3.4% on an overall basis and by 7.1% on a like-for-like basis. Within this, food held up better than general merchandise, though the value of sales nonetheless declined, falling by 1.1% on a total basis and by 5.2% at a like-for-like level. General merchandise sales fell by 5.5% at a total level and by 8.9% on a like-for-like basis. SainsburysSainsbury's has reported a strong sales performance over the third quarter of 2009/09. Over the 13 weeks to 3rd January 2009, total sales (ex-fuel) increased by 5.3%, with like-for-like sales (ex-fuel) increasing by 4.5%. Describing the results as Sainsbury's "best ever Christmas performance," the retailer also noted a strong performance online, with sales up 27%, while non-food also continued to show "good growth." AsdaAsda has reported "solid" Christmas trading "ahead of expectations" over the Christmas period. This included its record trading day on December 23rd as Christmas sales came later than ever before. Though no precise figure for trading performance was provided, in the Wal-Mart monthly trading statement, it was announced that the final quarter of the year was one of "strengthening comparable store sales" on an ex-fuel basis at Asda, indicating a further improvement on the already impressive 6.9% like-for-like sales growth achieved in Q3. Sales were strongest in core grocery and George clothing, with the retailer clearly benefiting from the range development in both areas. TescoTesco has delivered a total uplift of 11.6% in the seven weeks to 10 January 2009, with particularly strong growth being delivered by international operations. UK like-for-like sales grew by 2.5% over the period, while adjusting for the change in VAT rates - which came into effect towards the start of the period - the increase on a comparable basis was 3.5%. Source: IGD |
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