Five things we learnt from UK retailers’ Christmas updates

Published by
Reuters UK

By James Davey LONDON (Reuters) – Some of the biggest names in British retail have published Christmas trading updates over the past few days. What have we learnt from the flood of announcements? 1) CHRISTMAS WAS MERRIER THAN EXPECTED Expectations going into Christmas weren’t great as the supply chain crisis meant stock levels were lower than planned in some areas such as clothing. In the event sales have proved pretty robust, which was testament to the strength of consumer demand with spending power boosted by a lack of alternatives. Supermarket groups, such as market leader Tesco and Sainsbu…

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