Advertisement

John Lewis posts surge in sales

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

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.

Advertisement - Article continues below

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

Advertisement
Advertisement

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

An economics lesson from my barber
Inflation

An economics lesson from my barber

On reopening his shop after lockdown, Dominic Frisby’s barber doubled his prices. It’s all part of the post-Covid inflation process – and we’re going …
8 Jul 2020
What gold, bonds and tech stocks have in common
Stockmarkets

What gold, bonds and tech stocks have in common

"Risk off" or "safe haven" assets such as gold and government bonds have been doing well lately. But so have riskier tech stocks. That seems to defy c…
10 Jul 2020
Three ideas for Lloyds Bank's new boss
UK stockmarkets

Three ideas for Lloyds Bank's new boss

The Black Horse needs whipping into shape. A change at the top provides a great opportunity, says Matthew Lynn.
12 Jul 2020