Strength and resilience behind the headlines
Guide
16 January 2026
Christmas trading 2025
Authors
CB
Colin Burnet
Research Director
TV
Tim Vallance
Executive Director, Capital Markets UK & EMEA
JH
Jonathan Heptonstall
Head of UK Retail Investment
Christmas Trading Update: 2025
| Sector | Operator | Trading Period | LFL Sales Growth (YoY) |
Total Sales Growth (YoY) |
|---|---|---|---|---|
| Department / variety stores | Very UK | 6 weeks to 27 Dec | 1.9% | |
| Argos | 6 weeks to 3 Jan | -2.2% | ||
| Marks & Spencer (Cloth. & Home) | 13 weeks to 27 Dec | -2.9% | -2.5% | |
| Fashion / footwear / accessories | Sosandar | 3 months to 31 Dec | 10.0% | |
| Next | 9 weeks to 27 Dec | 5.9% | ||
| Mulberry | 13 weeks to 27 Dec | 6.5% | 3.5% | |
| Primark | 16 weeks to 3 Jan | 1.7% | 3.0% | |
| Grocery / Food & Drink | Fortnum & Mason | 5 weeks to 24 Dec | 16.0% | |
| Ocado | 4 weeks to 27 Dec | 12.8% | ||
| Lidl | 4 weeks to 24 Dec | 10.0% | ||
| Greggs | 13 weeks to 27 Dec | 7.4% | ||
| Marks & Spencer (Food) | 13 weeks to 27 Dec | 5.6% | 6.6.% | |
| Waitrose | 4 weeks to 27 Dec | 5.5% | ||
| Booths | December | 4.9% | ||
| Sainsbury's (Grocery) | 6 weeks to 3 Jan | 3.3% | ||
| Tesco | 6 weeks to 3 Jan | 3.2% | ||
| Morrisons | 4 weeks to 27 Dec | 3.1% | ||
| Aldi | 4 weeks to 24 Dec | 3.0% | ||
| Co-operative | 4 weeks to 27 Dec | -0.1%* | ||
| Asda | 4 weeks to 27 Dec | -6.5%* | ||
| Homewares / household / DIY | ProCook | 12 weeks to 4 Jan | 17.2% | 28.0% |
| OKA | 10 weeks to 28 Dec | 19.0% | 21.0% | |
| The Cotswold Company | 10 weeks to 28 Dec | 17.0% | ||
| Topps Tiles | 13 weeks to 27 Dec | 3.7% | ||
| Dunelm | Quarter to 31 Dec | 1.6% | ||
| Personal goods / other retail | Jollyes | 1-24 Dec | 6.0% | 10.4% |
| THG | Quarter to 31 Dec | 7.0% | ||
| Hobbycraft | 6 weeks to 28 Dec | 6.3% | ||
| Games Workshop (Retail) | 26 weeks to 30 Nov | 5.4% | ||
| Pets at Home | ''Festive spending' | 4.0% | ||
| The Entertainer | 9 weeks to 3 Jan | 3.5% | ||
| The Perfume Shop | December | 1.6% | ||
| Space NK | 'Christmas period' | 'Record breaking' |