Mothercare and Primark buck sales trendChristmas figures are ‘better than expected’
16 January 2009
The latest sales figures from two of the high street’s biggest names show it’s not all doom and gloom out there in retail land.
Mother and baby specialist Mothercare – known for its ranges of pushchairs, child car seats and other baby accessories – said that its sales over the last three months were up by more than 1% on the same period last year.
The retailer said it had shown resilience in a ‘difficult’ market, adding that its winter sale was ‘progressing well’.
Freddie George, retail analyst at investment bank Seymour Pierce, said that Mothercare had ‘evidently’ benefited from the demise of competitors Woolworths and Adams. Childrenswear chain Adams went into administration at the end of 2008.
Primark 'very good'
Meanwhile, discount fashion chain Primark also reported better than expected sales figures, which were up 18% on the previous quarter.
Primark did not provide a figure to compare with the equivalent period last year. However, owner Associated British Foods reported a ‘very good’ like-for-like sales growth.
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