Two of the UK's biggest High Street names have announced falling like-for-like sales over the Christmas period.
Clothing retailer Next announced that its sales had dropped 7% in the six months to Christmas Eve. It added there had been a good start to its sale.
Meanwhile, Debenhams said its sales in the past 12 weeks had fallen 3.3%.
It said this had been a "creditable sales performance, given the extremely difficult and volatile conditions seen across the High Street".
I know falling sales are never a good sign but they certainly were the cataclysm people were expecting. Coming in the backdrop of the utter carnage on the high-street they are basically to be filed under "Not too bad".
No comments:
Post a Comment