Marks & Spencer UK

Pepco Says Poundland’s Sales Fall Worsened In Christmas Quarter

Pepco Group has said the performance of its struggling Poundland business in the UK deteriorated in the Christmas quarter.

Two-thirds of British retailers will raise prices this year in response to higher costs, a survey by the BRC showed on Wednesday.

Online supermarket Ocado Retail reported faster sales growth in its fourth quarter as more competitive pricing helped it win customers.

Britain’s big retailers say they are improving efficiency through automation and to limit the impact of rising costs on shop prices.

Marks & Spencer saw a strong trading period over Christmas, though its outlook for 2025 remained cautious, the company said on Thursday.

Shoppers in the UK last month saw the sharpest fall in prices in more than three years but 2025 spells a return to higher costs, the BRC said.

UK grocery sales hit a record £14.6 billion in the final three weeks to Christmas on festive promotions and deals, NIQ reported on Wednesday.

British retailer Marks & Spencer’s food business enjoyed robust trading in the run-up to Christmas, according to NIQ.

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