A large number of trading updates are due this week, but online retailers can’t judge the success (or otherwise) of their Christmas season just yet as one in four gifts bought online will be returned by UK consumers.
The shopping surge everyone had hoped for in the final week of the pre-Christmas shopping season didn’t quite happen, but in the very last week of the month, massive discounts finally loosened consumer purse strings.
While the Christmas shopping season is generally acknowledged to have been a weak one for UK stores, it hasn’t been quite as bad as some expected and sector stars like Selfridges managed to turn it into a triumph.
Burberry has unveiled its Lunar New Year campaign with imagery that respects Chinese culture and features local influencers at the same time as analysts fret about a potential luxury downturn in China.
So it’s started. The deluge of trading updates expected from UK retailers in the weeks ahead has begun with Next and after all the speculation about plunging sales, what actually happened? Well it wasn't too bad.