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John Lewis posts third straight week of growing sales

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by Kay Mitchell
”John

The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 15.6% to £50 million in the week to 30 January compared with the same period a year ago.

The renowned employee-owned department store said it was the third consecutive week of increased sales and ended a “cracking” January.

According to Managing Director, Andy Street, the sales were fuelled by a 16.6% rise in fashion sales, a 15.7% increase in homewares sales and a 14.4% increase in the electricals and home technology category.

“This completed a cracking January and an impressive (second) half year,” leaving the company “admirably placed for the new trading year,” said Mr Street.

Meanwhile, at its Waitrose supermarket chain, sales grew 15.7% to £89.7 million.

Waitrose Managing Director, Mark Price, said: “At the start of the trading year we were in the midst of a recession and many predicted that the economic climate would be particularly challenging for us.

“However we have ended the year by being the fastest growing food retail business in the UK, overtaking Marks & Spencer food sales for the first time in our history,” he added.

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News posted: February 5, 2010

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