Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

John Lewis weekly sales up 10.8 percent

Published 09/12/2014, 08:26
Updated 09/12/2014, 08:30
© Reuters. The John Lewis store on Oxford Street is seen in central London

LONDON (Reuters) - John Lewis [JLPLC.UL], Britain's No.1 department store group, said sales grew 10.8 percent to 160 million pounds in the week ended Dec. 6 compared to the same week last year, with colder weather boosting sales of knitwear.

The employee-owned firm noted that on a week-by-week basis, sales declined by 10.6 percent, reflecting the impact of "Black Friday" promotions on customer buying patterns. The promotions that week helped it post the biggest ever week for sales in its 150-year history.

This week, John Lewis said sales of its cashmere accessories for women were up 51 percent compared to the same week last year, as customers sought to stay warm in colder weather, and it also saw a 37 percent jump in meat thermometers, as shoppers bought cooking equipment they would need at Christmas.

© Reuters. The John Lewis store on Oxford Street is seen in central London

(Reporting by Sarah Young; Editing by Li-mei Hoang)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.