The Christmas season was a “disappointing” one for
Flying Brands, notes Forbes, with full-year results most likely
falling short of expectations. The multititle mailer also
announced that chief executive Mark Dugdale would be leaving by
the time of its annual general meeting in late April.
“Thorntons pockets sweet sales” reads the
headline in The Telegraph. The confectioner, which
sells via stores and catalogue, posted a 1.2 per cent rise in
like-for-like sales for the Christmas season and 7.6 per cent
sales growth year on year.
Even venerable Debenhams is getting the hang of eCommerce.
Silicon.com notes that online sales for the
four weeks ended 5th January were up 85 per cent from the previous
year. Total sales, in contrast, rose 4.4 per cent.
The web accounted for 15 per cent of consumer spending during the
Christmas season, according to IMRG. But the high street isn’t
dead yet, says The Times. The difference between the
retail winners and losers: the winners offer shoppers plenty of
choice, not just in terms of merchandise but also in terms of
And research firm Capgemini told BBC News that UK web sales for October through
December hit £15.2 billion, up 50 per cent from the final
three months of 2006.