John Lewis reports further slowdown in weekly sales

| February 25, 2011 | 0 Comments
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The John Lewis Partnership, which is regarded as a barometer of British retailing, today reported a further fall in weekly sales.

The renowned employee-owned chain said department store sales fell 0.4% to £51.24 million in the week to 19 February – it represented the fifth consecutive week of slow sales following the VAT hike on 4 January.

“Turning to this week … we are definitely seeing the benefit of improved footfall from families shopping during half term,” the company said in a statement.

Meanwhile, sales at its Waitrose supermarket chain surged 13.3% to £98.4 million in the week to 19 February – boosted by purchases for Valentine’s Day.

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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