Cafeteria table with view of the docks.

And the (Christmas) results are in: Part II

17 January 2018.

Since our previous update many retail companies across the UK have posted their festive financials with several big retailers posting disappointing Christmas results.

Pure online retailers appear to have fared better over the 2017 Christmas period making good gains in a crowded market, whilst some of the more traditional bricks and mortar retailers have been left out in the cold.

However, the figures don't tell the complete story as increases in sales revenue as against the same trading period from 2016 don't necessarily reflect an actual increase in sales or translate into increased profitability.   For example, it is being reported that some retailers who rely heavily on food sales have seen revenues increase partly due to inflation (i.e. they have increased their prices to reflect increased input costs but aren't necessarily selling more).

We have highlighted some of the key figures from the financial press in the table below:


Comparison against the same trading period in 2016

+25% sales revenue


+191% sales revenue

+11.4 sales revenue

Fat Face

+8% like for like (LFL) sales

Card Factory

+4.3% sales revenue


+2.8 sales revenue

The John Lewis Partnership

John Lewis +3.1% LFL sales

Waitrose +1.5% LFL sales


+2.3% LFL sales


+1.5% sales revenue


Sainsburys: +1.1% LFL sales (excl. fuel)

Marks and Spencers

-1.4% LFL sales

Food: -0.4% LFL sales

Clothing & home: -2.8% LFL sales

House of Fraser

-2.9% sales revenue (in-store)

-7.5% sales revenue (online)


-7.2% LFL sales