|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    19th of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Economy News feed Economy News

Companies news feed Company News

All Financial News feed All Financial News

John Lewis weekly sales rise

Bookmark and Share

by Kay Mitchell

The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales growth surged last week – as shoppers looked to buy warmer clothing as a result of the colder weather.

The renowned employee-owned department store said sales grew 12% to £88 million in the week to 20 November, compared with the same period a year ago.

Furthermore, it is also 14% higher than the previous week as shoppers prepare for Christmas.

Not only did winter clothing see a boost but fashion and beauty products proved to be popular.

Meanwhile, sales at its Waitrose supermarket chain rose 8% to £98 million in the week – cementing Waitrose’s current position as one of the UK’s fastest growing supermarket.

Sales at the chain were boosted by purchases of Christmas shopping food.

Despite the Government’s massive spending cuts, it appears consumers are yet to rein in their spending and many economists believe that the forthcoming VAT increase, scheduled for January next year, might boost retail sales towards the end of the year.

Discuss this in the Finance Markets forums

Story link: John Lewis weekly sales rise

News posted: November 21, 2010

Financial Services:

Related financial stories to: John Lewis weekly sales rise:
Previous: «
Next: »

Visited 3044 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , ,