The UK Christmas retail winners and losers

John Lewis and Tesco enjoy healthy festive takings, there’s mixed results at M&S while Debenhams and Mothercare issue profit warningsThe crucial Christmas trading season can be make or break for retailers. As the festive season got under way, companies faced intense competition to win sales as cash-strapped consumers constrained by falling real pay sought out the best deals. It was tough for the whole retail market but, with most of the major retailers having now reported, more winners