The festive shopping period is make or break for many retailers and the results are in and we can expect another culling of our shopping centres soon but the shop workers from which retailers should be nervously waiting for an announcement.
John Lewis’s 81,000 staff face a nervous wait after a poor Christmas period with profits down fell 2% while Waitrose, also owned by John Lewis barely scrapped a profit of 0.4% so not all rosy there and their senior partner has already left to spend more time with her family.
Shares in Marks & Spencer dropped on news that sales dropped by 1.7% over the Christmas period although the staff at the M&S Food halls should feel a little more optimistic as sales there were up 1.4%.
Superdry, already under pressure, issued a profit warning after sales fell 15.8% so staff there would be safe to start worrying as probably should Argos staff who saw sales finishing down 0.7% .
Another company to issue a profit warning was Card Factory who blamed quiet high streets for weaker than expected sales and Morrisons called the Festive period an 'unusually challenging period' to explain why there sales slid by 1.7% which is worse than the 0.2% drop suffered by the UK’s biggest retailer, Tesco.
It was not all doom and gloom though because some retailers found the period great for sales and nothing says Christmas like a Vegan sausage roll which Greggs said was one of the factors that sales were up 8.7% and why they are handing 25,000 employees a special £300 bonus.
Next also bucked the gloom as it reported sales growth of 5.2% and German supermarkets Aldi and Lidl trounced the mainstream supermarket chains with Lidl sales jumping 11% over the period and Aldi’s sales up 7.9%
Budget home furnishings chain Dunelm put their 5% rise in sales down to pinching customers from John Lewis which is a big clue to where John Lewis staff should be sending their CV's.
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