John Lewis sees a bumper Christmas
Retailer posts 14.8% rise in pre-Christmas and clearance sales
By CFOWorld.co.uk staff | CFO UK | Published 11:58, 02 January 13
Retailer John Lewis has posted a 14.8 percent rise in sales in the run-up to Christmas and the first days of its clearance sale.
In statement on Wednesday, it said that sales for the five weeks to 29 December came in at £684.8 million. The figure included record takings of £31.7 million for the first day of its in-store clearance sale on December 27.
John Lewis' like-for-like sales, which strip out the impact of new stores, rose 13 percent. Additionally, online sales over the stated period rose 44.3 percent on an annualised basis.
Andy Street, managing director at John Lewis, said, "I am delighted that John Lewis has delivered record breaking sales figures over the Christmas period and the first five days of clearance."
"In an economic climate which continues to be volatile, to have achieved these results is testimony to the strength of the John Lewis brand and the commitment of all our partners to give outstanding service," he concluded.
Household electricals and technology were the main drivers of sales followed by fashion and beauty products.
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