(Reuters) – Britain’s retailers reported mixed results for the critical Christmas period, with major supermarkets suffering their slowest festive season in years and retailers varied in their performance.
FILE PHOTO: Signage is seen outside a Tesco extra superstore near Manchester, Britain January 8, 2020. REUTERS/Phil Noble/File Photo
British shoppers cut back on spending in late 2019, rounding off the worst year since at least the mid-1990s for retail sales as measured by an industry group amid uncertainty about Brexit and last month’s election.
That followed relatively subdued updates from the high street following “Black Friday” sales at the end of November.
Primark-owner Associated British Foods (ABF.L) is scheduled to post its trading update next week.
Following are some of the highlights by sector:
The British arm of the German discount supermarket group said on Jan. 10 its total sales rose 11% in the four weeks to Dec. 29.
Britain’s biggest retailer ground out a 0.1% rise in underlying sales in its home market on Jan. 9 during what it said was a “subdued” Christmas for consumer spending.
Britain’s No. 2 supermarket group reported a slight drop in underlying sales on Jan. 8 as weak demand for general merchandise overshadowed solid sales of food.
The country’s fourth-largest supermarket group reported another fall in underlying sales over Christmas on Jan. 7 as a tough economic backdrop and sustained consumer uncertainty deterred shoppers from splashing out.
The British arm of the German discount supermarket said on Jan. 6 sales growth in the four weeks to Dec.