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Online Trading Boosts John Lewis Sales

In results released today, John Lewis has revealed that it saw a double digit increase in sales last week.

The increase is attributed to a 47.4% rise in online trading. Johnlewis.com recorded jumps in all products, but its fashion and homewares sectors performed best, with a trading growth of 71% and 48% respectively. Electrical sales also soared in its bricks and mortar stores, with trading up 22%.

Nat Wakely, director of selling operations for region A, said, “Electrical and home technology has really seen a return to form of late, with last week seeing small electrical passing their full year stretch target and imaging hopefully starting a significant turnaround following worldwide issues in their supply base last year”. Overall fashion sales were up 9.6% and branded menswear increased 33%.

Mr Wakely added that IT was “the star of the show”, as computers doubled their trade from a year ago, whilst television sales continued to benefit from the digital switchover. 50% of the new John Lewis stores saw an increase in sales; Liverpool was up 11%, Leicester rose 8.2%, and Norwich increased 6.1%. The group is now looking to future challenges, and Valentine’s Day will be the next “main calendar feature” for the group.

Sample Entry

John Lewis PLC

171 Victoria Street,
London,
United Kingdom
   
Telephone:
020 7828 1000
Fax: 020 7592 6333
Email: enquiries@johnlewis.co.uk
Website: www.johnlewis.com
   
Product/Activity:
Department Store, Multiple Retailer
No. of Branches: 29
Branch Region: Nationwide
Number of Staff: 1001+
Turnover: 100M +
Year Established: 1864

 

Chairman
Mr Avid Barclay
(Deputy Chair)
Chairman
Mr Charlie Mayfield
(Chairman - John Lewis Department Stores)
Managing Director
Mr David Barford
(Managing Director - John Lewis Kingston)
Managing Director
Mr Jonathan Field
(Managing Director - John Lewis Norwich)
Also Including 165 staff and 84 other buyers

View the full entry

 

Statistics

Employment in the retail sector has fallen by over 76,000 in the last five years