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 sees a bumper Christmas


Retailer posts 14.8% rise in pre-Christmas and clearance sales

Article comments

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.

Share:

Comments

John Lewis sees a bumper Christmas
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

* *