Connecting to LinkedIn...

John Lewis reports another weekly sales boost

W1siziisijiwmtuvmdmvmjuvmdavmzyvndqvoduyl2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Department store John Lewis has announced another small boost to its weekly sales today, with trading for the week ending February 12th up 1.4 per cent year-on-year.

The John Lewis Partnership’s supermarket arm Waitrose also saw a rise in weekly sales as trading grew 5.4 per cent compared to the previous year.

Sales at the department store have slowly been creeping up following a disappointing January, and today’s data comes after last week’s figures showed growth of 1.2 per cent.

Collectively, the partnership reported sales growth of four per cent - a total of £146.35 million for the seven-day period.

John Lewis reported that its online operation continued to perform well and showed a 31 per cent increase in revenue, while womenswear and childrenswear were popular.

Both department store and supermarket sales were boosted by Valentine’s Day sales as people brought last minute gifts and luxury foods - Waitrose announced how sales of lobster tail had increased by 1,000 per cent.

Lesley Ballantyne, Director of Operational Development for John Lewis, said: “We should be really pleased to achieve a second week with an increase in the new financial year, especially as the later fall of Valentine’s Day has given us tough comparisons to match.

“Trade held up through the week, although a plethora of sporting events on Saturday affected footfall.”

Despite announcing the overall growth, some stores saw double figure drops in sales, most notably its Knight & Lee outlet in Southsea, which saw a 15.6 per cent yearly fall in trading.

Published on Friday 18 February by Editorial Assistant

Articles similar to John Lewis

Articles similar to Financial results

comments powered by Disqus