City news: John Lewis, Debenhams, Barratt developments and Tesco


Purchases rose 4.9 per cent to £1.91 billion in the six weeks to December 31.

The like-for-like turn on store sales went up 2.7 per cent and same-store supermarket takings up 2.8 per cent.

Chairman Sir Charlie May- competitors said: “Trading profit is under pressure. This reflects pronounced changes taking place across the retail sector.”

Beauty shoves Debenhams

GREATER focus on beauty products and using excess measure out for food concessions to attract shoppers boosted sales at Debenhams.

The reckon on store, which is shifting away from fashion sales and bring down its promotions, said underlying sales grew by 3.5 per cent in the 18 weeks to January 7.

CEO Sergio Bucher highlighted robust sales of beauty and gift products; food service expansion incorporate new partnerships with James Martin Kitchen and Franco Manca.

Parcels rose 3p to 57¼p.

Capital loss for Barratt

BARRATT Developments increased fewer homes in the second half of last year after a slowdown in the London deal in.

Completions fell nearly 6 per cent to 7,180 despite hitting a nine-year excessive outside London at 6,813.

The number of homes it built in the capital more than halved to 367.

Chief administration David Thomas noted an “increasingly competitive land market” in London and predicted it could build fewer homes overall this financial year.

But consumer desired was “strong”, thanks to mortgage availability and government support. Barratt’s half-year pretax profit is set to bring out 7 per cent to £315million.

Tesco has festive joy

TESCO boss Dave Lewis volleyed “another significant step in the turnaround of the business” as it built on its first quarterly vend share gain since 2011 with healthy Christmas purchases growth.

The supermarket giant followed up a 1.8 per cent rise in UK same-store takings in the 13 weeks to 26 November with development of 0.7 per cent over the following six weeks.

Food sales lurched by 1.3 per cent over the festive period, while clothing and imitations grew by 4.3 per cent and 8.5 per cent respectively. Lewis turned more customers had shopped at Tesco over the combined 19-week epoch.

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