News

You're not signed in
Sign in
Sign up

Halloween shopping lifts John Lewis

LONDON (Reuters) - Weekly sales at John Lewis <JLP.UL> department stores jumped 7.8 percent year-on-year, boosted by demand for Halloween products and early Christmas shopping and adding to signs of a consumer recovery in Britain. However the employee-owned group, which is seen as a barometer for British retail spending, signalled on Friday the recovery remained fragile, noting that sales rose at only four of its 28 department stores against the same week in 2007.

06 November 2009 07:56 GMT

135325

LONDON (Reuters) - Weekly sales at John Lewis department stores jumped 7.8 percent year-on-year, boosted by demand for Halloween products and early Christmas shopping and adding to signs of a consumer recovery in Britain.

However the employee-owned group, which is seen as a barometer for British retail spending, signalled on Friday the recovery remained fragile, noting that sales rose at only four of its 28 department stores against the same week in 2007.

Sales totalled 61.9 million pounds in the week ended October 31, led by an 11.7 percent increase in electricals and home technology products.

Sales of homewares rose 9.7 percent, while fashion sales were up 6.3 percent.

"Against the sternest comparisons of the second half year, and with the weather much milder than we would ideally like, we beat last year's score by 8 percent," John Lewis said.

Rivals like Debenhams , Marks & Spencer and Next have all reported stronger-than-expected trading in recent weeks, raising hopes of a quick recovery from recession.

But the firms have also warned consumer confidence remains fragile and could take a hit next year when unemployment and taxes are expected to rise.

Official data for September also showed British retail sales failed to grow for a second month running.

John Lewis said weekly sales at its upmarket Waitrose grocery stores rose 10.1 percent to 84.9 million pounds, confirming its position as one of the fastest growing British supermarket chain.

(Reporting by Mark Potter)

(c) Reuters 2012. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

Ads by Google

Share

No comments yet

You need to be logged in to comment.

Don't have a mySTV account? Create one now it's easy

Online news and sport bulletin: Sunday, February 12

 

Watch now

Video