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John Lewis weekly sales rise

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by Kay Mitchell
”John

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.

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News posted: November 21, 2010

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