John Lewis boasts of 'fantastic' Easter week
Upmarket department store John Lewis has posted a 'fantastic' week of trading over Easter, boosted by poor weather conditions and demand for the newest edition of the iPad.
Upmarket department store John Lewis has posted a 'fantastic' week of trading over Easter, boosted by poor weather conditions and demand for the newest edition of the iPad.
In the week leading up to the Easter weekend the company saw a 27.5% rise in sales to £66.7m compared to the same period a year ago.
"All in all it was a great week and a fantastic start to the Easter weekend," Selling Operations Director, David Barford said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely 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
In the best performing division, namely electronics and home technology, sales soared 59% as buyers rushed out to get their hands of the iPad 3.
The home division saw sales climb 16%, while fashion was up 18%.
The best performing stores were Leicester, up by 42%, and Bluewater in Kent, up 38%.
The company's Waitrose sector also put in a strong week, up 4.5% compared to the week preceding Easter in 2011, boosted by a 50% rise in sales of its seasonal confectionary.
NR
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published