Connecting to LinkedIn...

John Lewis sales see fastest weekly rise of 2011


Strong sales growth across all categories saw John Lewis record its strongest seven days of the year-to-date last week, results published today reveal.

Total partnership sales during the week ending June 24th 2011 rose eight per cent year-on-year, with Waitrose and John Lewis department stores recording trade increases of 7.6 per cent and 8.6 per cent respectively.

Performance at John Lewis stores will be particularly pleasing to the partnership following sluggish sales in recent months, with fashion leading the way last week with a trading increase of 13.9 per cent compared to last year.

The football World Cup 12 months ago has made comparatives tough in the retailer’s electricals & home technology sector and despite slow TV sales, a double digit increase in small electrical items pushed overall trading up 4.5 per cent year-on-year for the sector.

Nat Wakely, Director of Selling Operations at Region A for John Lewis, said: “It’s great to be writing the trading comments for the best week of the half year to date with an increase of + 8.6 per cent on last year.

“17 shops crossed the line, led by Cardiff at +19 per cent, Glasgow at +15 per cent, Poole continuing its excellent run of form at +15 per cent, Leicester at +8 per cent and Trafford at +8 per cent completing the top five.”

Sales season has certainly helped the retailer and the extension of online services saw e-sales soar with fashion in particular up an impressive 98 per cent on 2010.

There were 11 stores in its portfolio which saw a decline in trade during the period, with business at Knight & Lee down 21.8 per cent, and in the year-to-date sales are only 1.6 per cent up year-on-year.

Confidence remains that the summer will see an upturn in fortunes however and the strong 6.3 per cent growth seen in the struggling home sector last week will further boost optimism.

Wakely added: “ also delivered their best performance of the half year at +45.6 per cent and successfully launched the website internationally – a tremendous effort from many parts of the business.

“So, a great week to precede the start to clearance which, when you read this, will be on its second day and hopefully we will have seen a fantastic first day of clearance.”

Published on Friday 24 June by Editorial Assistant

Articles similar to John Lewis

Articles similar to Financial results

comments powered by Disqus
Top Feature