LONDON Jan 7 British retailer House of Fraser
posted record Christmas trading on Monday with demand for
fashion and beauty products pushing underlying sales up 6.3
percent in the six weeks to January 5.
The privately owned group, which has 60 stores in Britain
and Ireland, said sales were up across all of its categories,
with online sales rising by almost half in the period.
Underlying, or like-for-like sales excluding VAT, for the
first 10 weeks of the fourth quarter were up 5.2 percent.
"There is no doubt that 2012 was a challenging year in
retail and it remains difficult to predict when economic
conditions and consumer sentiment will improve," Chairman Don
McCarthy said in a statement.
"With the strong sales performance in the period and a close
focus on margins and operational efficiencies, we expect to
report growth in full-year earnings in line with previous
With shoppers fretting over job security and a squeeze on
incomes British retailers generally found the going tough in
2012. For a factbox on how UK retailers have fared over
Christmas please click here: