John Lewis takings down due to January freeze

| January 15, 2010 | 0 Comments
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The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that takings dived by almost 30% in the week to 9 January compared with the same week a year ago as a result of the severe weather that has hit the UK.

The results have revealed the impact that the snowfall has had on retailers and was the department store’s first fall in weekly takings since last summer.

However, at its Waitrose supermarket chain, sales surged 22% as the big freeze sparked ‘panic buying’ of essential food items.

The renowned employee-owned department store has been experiencing bumper sales over the last three months and Christmas trading hit record levels so today’s news will come as a disappointment.

Major retailers including Primark, Matalan, Tesco, Peacocks, Poundland, Co-op, Marks and Spencer, Next, House of Fraser, DSG International and HRG have all reported bumper sales over the festive period.

The British Retail Consortium (BRC) said UK like-for-like retail sales grew 4.2% by value during December and the UK High Street experienced the strongest December for eight years.

However, the January freeze is expected to result in a fall in the number of people visiting the High Street.

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