(MENAFN- ProactiveInvestors) House of Fraser kept pace with its department store rival John Lewis over the festive period to report record sales over Christmas and the New Year sales.
Bumper takings in the six weeks to 3 January meant like-for-like sales for the privately-owned business shot up 8% while margins improved by 9%.
Online sales rose 31% while sales from its 59 department stores across the UK ticked up 4.2% like-for-like.
The last 7 days before Christmas were a record trading period with up 6.8% improvement in margins.
Chief executive John King expects the figures to boost full year earnings and said the firm plans to refurbish more of its stores this year.
The performance mirrors rival John Lewis which also reported record festive trading and strong growth at its website which is now raking in a quarter of total sales.
House of Fraser’s online sales on Black Friday (28 November) soared by over 125% on the previous year and up nearly 70% on its previous largest online sales day.
The widely promoted sales day at the end of November also brought John Lewis its biggest trading week on record with sales up 22% on last year.
’s () releases its Christmas trading numbers tomorrow while () and () update on Thursday.
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