The Foschini Group (TFG) has seen its share price rising after it reported strong trading in December. The South African group owns a raft of retailers including big UK names Whistles, Phase Eight and Hobbs.
UK e-tail giant Shop Direct had a strong Christmas period with revenue in the seven weeks to December 22 rising a healthy 6.3%, it said Tuesday. That was driven by its Very brand, which saw a 16.8% sales surge.
House of Fraser faced the same challenges endured by much of UK retail over the six-week Christmas period with a slow performance in stores, although margins improved. But unlike some, its web sales also proved weak.
Fat Face’s decision to shun the traditional pre-Christmas discounting practices paid off for the British casualwear retailer, as sales increased by 12% and 8% on a like-for-like basis in the 5 weeks to 6 January 2018.
We’ve heard a lot of words used to described UK retail in recent months - from tough to, weak, volatile and challenging. But ‘torrid’ was the word Visa chose as it released its December and full-year spending figures.
A last-minute surge in high street shopping in the week leading up to Christmas wasn't enough to rescue December trading. That’s the message from the latest BDO UK high street sales tracker that was released on Friday.