We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

John Lewis welcomes ‘return to normality’


Retailer optimistic despite like-for-like sales dip

Article comments

John Lewis is hoping for a return to “regular shopping behaviour” after several months of unusual trading conditions, the retailer said on Friday.

The suggestion comes despite a dip in like-for-like sales in the first fairly comparable week for some time after Easter bank holidays, the royal wedding and an unprecedented spell of good weather in April.

Strong fashion sales in recent days couldn’t keep the retailer’s overall figures for the week to May 7th from falling by almost a million pounds to £54.3 million.

“Following the royal wedding there was an on-going 'Pippa effect' in our occasion wear section, with long, flowing, green and champagne-coloured dresses sought after, delivering the highest sales for this department in four years,” a statement from the company said.

“With the wedding behind us and the vote on AV declared, the consumer will hopefully return to more regular shopping behaviour, looking for great quality product, fairly priced, which plays to our strength.”

Earlier this week, John Lewis appointed as its new finance director Rachel Osborne, former UK chief financial officer at the French food services and facility management group Sodexo.

Share:

Comments

John Lewis welcomes ‘return to normality’
Financial Planning

Budget: What business wants

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..


Tesco sees 6% decline in annual profit

UK market leader faces up to 1.4% fall in like-for-like salesmore ..

Yahoo on the right path, says CEO

Marissa Mayer’s comments follow a 20 percent decline in quarterly earningsmore ..

Debenhams to increase investment in distribution centre automation

The retailer wants to cut distribution costs as omni-channel demands risemore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Digital streamlining of travel and expense claims [Part II]

Concur shows CFOs how to make life easier when the auditors come knockingmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

In Depth
What every company needs to do about big data?

What every company needs to do about big data?

In the first of a three part series, Pat Brans explores just how big 'big data' will get? more ..

Advertisement

* *