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Tag: sales

Festive sales cheer for value retailer B&M

Festive sales cheer for value retailer B&M

Business
Discount retailer B&M has emerged as a Christmas winner after food and other household essentials helped it grow like-for-like sales by 3.9% in the UK.Shares in the company, whose soon-to-depart chairman is former Tesco boss Sir Terry Leahy, rose 3% after the trading update covering the 13 weeks to 23 December.It comes a day after figures from Sir Terry’s former company fell short of City expectations, despite showing the best Christmas performance since 2010, when he was in charge.Retailers have seen mixed fortunes over the period, with food stores broadly doing well as squeezed consumers focused on essentials – leaving less left to spend on clothing and gifts at other stores.:: Christmas of contrasts for Britain's retailersB&M, which describes itself as the UK's leading general m
Boost for Sainsbury's after Christmas sales rise

Boost for Sainsbury's after Christmas sales rise

Business
Sainsbury's has upgraded its profit outlook after reporting a 1.1% rise in like-for-like sales over the Christmas period.The supermarket group, which also owns Argos, was lifted by growth in grocery and clothing sales though general merchandise revenues were down for the 15 weeks to 6 January, in what was described as a "challenging" market.It appeared to mirror a trend across the sector for squeezed households to focus on essentials such as food while cutting back on presents and other non-food items.Sainsbury's said it remained cautious about the consumer environment but that, thanks to better than expected savings following its 2016 takeover of Argos, full year profits should be "moderately" ahead of market expectations.Shares were up more than 2% in early trading.Chief executive Mike C...
Morrisons posts better-than-expected Christmas sales

Morrisons posts better-than-expected Christmas sales

Business
The UK's fourth largest supermarket, Morrisons, continued to ring up growing sales over the key Christmas period.The chain sold 2.8% more in the 10 weeks to 7 January than it did for the same period a year earlier, not including new store openings.Christmas trading was particularly strong with sales for the last six weeks up 3.7% compared to a year ago.Morrisons said the increase was due to more tills being open, shorter queues, and improved stock availability.The chain said it had "become more competitive, and despite the rising cost of many commodities the price of a basket of key Christmas items was the same as the previous year"."More and more customers found more things they wanted to buy at competitive prices at Morrisons this Christmas," said chief executive David Potts.Morrisons' s...
UK car sales see first drop for six years

UK car sales see first drop for six years

Business
New car sales fell for the first time in six years last year, with demand for diesel cars plunging by almost a fifth.In total, there were about 2.5 million cars registered, according to industry body the Society of Motor Manufacturers and Traders (SMMT).The figure was down 5.7% from 2016, while diesel sales fell 17.1% as higher taxes and pollution fears hit demand. CO2 emissions from new cars increased for the first time in 20 years, up 0.8% on 2016.SMMT chief executive Mike Hawes said the drop in diesel sales was "the prime cause" of the rise in CO2 emissions and that the latest low-emission diesels were "vital" in meeting climate change targets.He said he expected car sales to continue to drop this year, predicting a 5% to 7% fall.What's gone wrong in the UK car market?Car sales: six cha...
Album sales up as streaming soars

Album sales up as streaming soars

Entertainment
UK music fans streamed more music than ever before in 2017 - an astonishing total of 68.1 billion songs.That's the equivalent of everyone in the country playing 1,036 tracks, or almost three continuous days of music, on sites like Apple Music and Spotify. Most of those songs were apparently by Ed Sheeran - who had four of the Top 10 biggest-selling singles of the year.Trade body the BPI says streaming now accounts for more than half (50.4%) of all music consumption in the UK.The figure is up from 36.4% last year - with a record 1.5 billion streams served in one week last December. To put that in context, we are now streaming more songs in a single week than we did in the first six months of 2012.If anything, though, the BPI is actually underplaying the success of streaming, as it relies on...