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John Lewis sales fall 2.3 percent as UK enjoys hot weather

Published 16/08/2016, 11:24
© Reuters. A John Lewis store is seen in Oxford street, in London
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LONDON (Reuters) - Retailer John Lewis (JLP.UL) on Tuesday reported a 2.3 percent fall in year-on-year sales at its department store chain for the week to Aug. 13, reflecting a continuation of hot weather across most parts of the country.

As the only major British retailer to publish weekly sales data, John Lewis provides the most up-to-date snapshot of shopping behaviour that is being monitored closely after the UK voted to leave the European Union on June 23.

The data can, however, be clouded by year-on-year weather comparisons and the timing of promotional sales.

John Lewis said department store sales totalled 71.4 million pounds over the week, compared with 73.7 million pounds in the previous week.

"In what proved to be a challenging week, footfall was down as customers chose to enjoy the great outdoors, as well as making the most of the school holidays by heading abroad with their families," it said.

At the group's upmarket grocery chain Waitrose, sales rose 1.1 percent to 122.7 million pounds.

John Lewis' brief commentary made no mention of any Brexit impact.

Industry data published last week showed British retail spending bounced back in July as sales promotions and good weather outweighed concerns that the UK's Brexit vote would deal an immediate hit to the economy.

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