John Lewis posts another double digit rise in weekly sales

| May 14, 2010 | 0 Comments

The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales grew 17.7% to £55.1 million in the week to 8 May, compared with the same period a year ago.

The renowned employee-owned department store said colder weather has not deterred shoppers and the firm will continue to outperform its rivals this year.

Managing Director Andy Street said: “Week 14 proved a splendid week’s business … Undoubtedly we were helped by cool weather on both the bank holiday weekend, and last Saturday; perfect for spring shopping.

“I suspect it’s going to get tougher for us, but we are certainly very well placed against our competitors,” he added.

Meanwhile, sales at its Waitrose supermarket chain rose 12.3% to £93.2 million in the week, highlighting Waitrose’s current position as one of the UK’s fastest growing supermarket.

Waitrose managing director, Mark Price, recently pledged to double sales and market share over the next 10 years as the chain strives to become “more accessible to more people”.

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