John Lewis posts 3rd consecutive rise

Monday, 10 August 2009
High street department store group John Lewis has benefited from Britons holidaying at home and the chain recorded its third consecutive big rise in weekly sales.

The group, considered a bellwether of the British high street, said sales were up 5.6 per cent on last year to £50m, building on rises of 6.3 per cent and 5.3 per cent in the previous two weeks. The weak pound and fears over unemployment has put off many UK holiday-makers from going abroad this summer, boosting sales on the British high street.

Sales at the group’s department store in Southampton showed the highest weekly rise of 15.9 per cent. Upholstery, furniture and lighting products also proved popular.

Nat Wakely, director of selling at the 27-store department chain, said: “As we continue through the months of August and September it would not be surprising for us to see some more dips in trade to offset recent successes.”

 

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