LONDON, June 6 (Reuters) – British consumer spending has outperformed expectations over the Christmas period so far, fearing an escalating cost-of-living crisis could mark a critical holiday season. has brought some relief to retailers who were
So far, only a handful of retailers have reported Christmas sales. Major companies such as Tesco (TSCO.L), Sainsbury’s (SBRY.L) and Marks & Spencer (MKS.L) are expected to update next week.
December sales were up 26% year-on-year, according to the UK division of German discount supermarket group Aldi. Both fresh poultry and pork options increased by more than 28%, highlighting significant growth in fresh meat sales.
British discount retailer B&M said comparable sales in the critical Christmas quarter were up 6.4%.
Boots UK (WBA.O)
Health and beauty retailer Boots UK said December retail sales were up about 15% year-on-year, highlighting strong sales in the gifts and fragrances category.
Fast-food chain Greggs posted 18.2% sales in the same category in the final quarter as its breakfast and lunch offerings, along with festive baked goods, mince pies and salted caramel lattes, appealed to cash-strapped Christmas shoppers. said to have increased.
British clothing retailer Next has beaten expectations with full-price sales up 4.8% in the nine weeks to 30 December, helping to push jackets and coats off shelves after a cold spell in December. I am emphasizing.
Reported by UK Bureau
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