UK retailers to post robust festive sales
UK's leading retailers such as Tesco, Argos, Primark and the like are expected to report robust trading figures owing to strong Christmas sales.
Tesco, which is all set to report Christmas season trading figures on Tuesday, is expected to beat city forecast. Tesco launched Clubcard scheme to attract shoppers over Christmas.
Tesco is tipped to post like-for-like sales growth of between 3 per cent and 4 per cent.
Analysts at Shore Capital, who were projecting an increase of 3 per cent in like-for-like sales, now expect better results.
Fashion chain Primark's parent company Associated British Foods is expected to beat sales forecasts.
DSG, which operates Curry and PC World, is expected to post like-for-like sales growth of around 3 per cent.
Home Retail Group, the owner of Argos & Homebase, is also expected to post a rise of around two per cent in sales. However, heavy discounts offered by it during Christmas season may squeeze its profits.