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John Lewis reports pick up in weekly sales

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by Kay Mitchell
”John

The John Lewis Partnership, which is regarded as a barometer of British retailing, today reported an improvement in weekly sales – boosted by the half-term school holidays.

The renowned employee-owned chain has reported five consecutive weeks of lacklustre sales but in the week to 26 February, sales rose 7.2% to £54 million.

Selling director David Barford comments: “While week 3 (week to February 19) was half term north of the border, it happened in the South last week and we finished the week 7.2 percent up on last year. Looking at the two-week period, taking into consideration the change of the half-term dates, we achieved a 3.4 percent increase.”

The department store said fashion sales were up 10%, while sales in the electricals and home technology and home categories rose 6% and 5% respectively.

Meanwhile, sales at its Waitrose supermarket chain rose 6.2% to £94.9 million in the week to 26 February – again owing to the school holidays.

The luxury chain is one of the UK’s fastest growing supermarkets and is in the midst of a major expansion programme.

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News posted: March 4, 2011

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