Tesco emerges as a festive victor

Record Christmas for Tesco’s online grocery business

Like-for-like sales for the United Kingdom and Ireland - which compare performance across the same stores - grew 1.9 per cent in the crucial six-week festive period to 6 January, driven by a rise of 3.4 per cent in food sales.

The supermarket says its efforts to pass on less inflation to its consumers compared to rivals could be behind its sales performance.

And although some shareholders will be put at ease by a reiteration of FY guidance, it seems unlikely to reduce concerns that the M&S turnaround is failing to see the success of the aforementioned Tesco, while also raising further questions about how much pressure the United Kingdom high street can handle from the rise of online retailers. Chief executive Charles Wilson said the business had improved "choice, prices and service" for shoppers.

In its financial third quarter, M&S reported a 0.1% fall in total group sales to £3.167bn.

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Clothing and homeware fell 2.8 percent, food also dropped by 0.4 percent despite being seen as the most successful sector.

But the impact of an unseasonal October resulted in an overall revenue decline.

Global sales during the quarter declined 9.8 percent to 309 million pounds (416.6 million dollars), while M&S.com sales of 309 million pounds improved 3 percent.

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Bezos also owns Blue Origin , a travel business that intends to take tourists to explore space and the Washington Post newspaper. Bezos' wealth peaked as Amazon stock prices have climbed on the back of strong holiday shopping performance.

Mr Rowe said he was pushing on with his turnaround after speeding up plans in November to close under-performing clothing stores and slow expansion of its Simply Food chain.

That trend was confirmed today by John Lewis (JLH) Partnership chairman Sir Charlie Mayfield, who said pressure on margins at John Lewis and Waitrose had intensified in recent months "because of our choice to maintain competitive prices".

Meanwhile Sainsbury's upgraded its full-year profit forecast on Tuesday following a record Christmas of a 1.1% increase in like-for-like sales, but it warned of a challenging market amid weaker sales at Argos.

Prior to Thursday's update, analysts were on average forecasting a 2017-18 pretax profit before one-off items of 578 million pounds ($780 million) down from 614 million pounds made in 2016-17.

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Nope! Dee Rees of " Mudbound " would've also been a good option, or even Patty Jenkins of " Wonder Woman ", although that one might be a stretch.

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