Positive sales news for Next, John Lewis and Waitrose
High street retailer Next has posted a 3.9 per cent rise in sales for November and December, as the retailer weathered the difficult conditions on the high street.
Shares opened 4 per cent higher after the chain said the festive performance meant it was on track for profits growth at the top end of expectations.
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STEADY: Next, in Hull's St Stephen's shopping centre.
Despite the progress, chief executive Simon Wolfson warned trading conditions were likely to remain difficult this year as wage growth continues to lag behind inflation.
He said: "On balance, we expect the consumer environment to remain subdued but steady."
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John Lewis celebrated a 13 per cent hike in like-for-like sales after a record pre-Christmas week and a milestone online performance.
Supermarket Waitrose also saw positive results and said it had seen "exceptional" sales in the run up to New Year's Eve as shoppers stocked up on champagne and party food.
The grocer said like-for-like sales were 5.4 per cent higher than last year between December 18 and 31, as shoppers prepared to entertain friends and family during the festive period
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