John Lewis posts surge in sales

John Lewis on Friday reported a 26.7 per cent surge in sales boosted by Easter shopping.

The department store chain posted a £218.78m in sales for the nine weeks to March 30th, compared £172.66 the previous year.

The results were higher despite an unseasonably cold spring which impacted the group's sales mix as shoppers steered clear of the summer fashion ranges.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

However, homewares such as cookery, dining and electrical items wielded strong sales.

"The coldest March in 50 years continues to have a dramatic effect on our sales pattern for this time of year when compared to the warmer weather last year," Head of Merchandising Susan Young told the Scotsman.

"However, the varied assortment that we offer provides customers with choices to suit every eventuality, and this has led to a strong performance...".

John Lewis has recently been at the forefront of the UK's high street retailers largely due to growth in its shopping website.

RD