Sunday, November 19, 2017

John Lewis reports jump in year-on-year sales

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Department store giant John Lewis reported a 7.3 per cent rise in sales compared to last year.

For the week to August 6 sales grew from a 3.4 per cent year-on-year increase on the previous week, pushing its department store sales to £73.7 million.

This is attributed to warm weather driving demand for fans as well as customers buying electronic goods like headphones and cameras for their holidays.

RELATED: Waitrose opens UK’s first cashless store

Fashion sales were also reported to be up by 5.4 per cent helped by strong menswear sales.

John Lewis’ food retialer Waitrose had a lift in weekly sales of 2.1 per cent because of customers buying Brazilian-styles steaks and wines inspired by the Rio Olympics. 

As the only retailer to publish weekly reports, many see John Lewis as a barometer for sales in wake of the Brexit, although the department store has failed to comment on it. 

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