JD Sports, Jessops provide retail bright spot

09-01-2009

JD Sports, Jessops provide retail bright spot
JD Sports and Jessops have provided some cheer for the retail sector with higher sales over the Christmas period.

Despite bucking the high street trend and holding off on sales until Boxing Day, sport-inspired fashion retailer JD Sports reported a 2.8 per cent rise in like-for-like sales for the five weeks to January 5th.

JD Sports has previously reported that its core customer base – teenagers – are less sensitive to economic worries and are still prepared to pay for fashion.

Photography specialist Jessops also reported a rise in like-for-like sales – a sales measure that excludes new stores – of 3.1 per cent.

However, the firm admitted the rise in sales came at a cost to profit margins as stores fought to stay competitive amid tough conditions with heavy discounting.

High street retailers have been issuing statements for the crucial Christmas trading period this week and there have been several surprises in what was feared to be a washout.

Next, Debenhams and Sainsbury's have all seen their stock rise on sales figures that prove consumers did not give up on Christmas, although numbers were understandably down from last year.

However, a number of retailers failed to make it through the festive period intact. Woolworths closed its doors for the last time this week, while Zavvi, Morgan and childrenswear firm Adams went into administration.

This week, textile and womenswear firm Viyella joined the list when it went into administration.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Automotive
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
Health / Beauty
Hotel / Catering / Restaurants
HR / Recruitment
Insurance / Pensions
International / Overseas
IT / Internet
Legal
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Telecommunications
Transport / Logistics
Travel / Tourism / Leisure