John Lewis Sales Figures Are on the Up - Even without the Aid of MPs; RETAIL
John Lewis, halted its recent gloomy figures by revealing a 5.9 per cent jump in revenues for the week to last Saturday.
During the second week of the company's clearance period half of the department store's branches, which include Solihull, improved year-on-year sales, contrasting with eight declines in year-on-year sales in nine weeks. It recently reported a drop of 8.3 per cent on a year ago for the week to June 28, followed by a fall of just 1.3 per cent as the clearance sale started. London's Oxford Street store led progress, posting an increase of 11 per cent, with out-of-town branches showing signs of improvement, having come under pressure as consumers cut back on shopping trips because of high fuel prices.
The weekly figures show an 8.1 per cent improvement in sales at Bluewater, while Milton Keynes improved nine per cent and Aberdeen by 9.2 per cent. Fashion sales grew by 13.9 per cent in the week, with electricals and home technology up 3.8 per cent and home ahead by 0. …