Skip to main content

John Lewis weekly sales down 4.1% despite “busy Christmas”

// John Lewis weekly sales down 4.1%
// Waitrose sales up 18.8% year-on-year

John Lewis Partnership has seen its sales slide in the last week despite a strong rise at grocery stablemate Waitrose.

Sales at John Lewis were down 4.1 per cent year on year in the week to December 28, bringing the decline over the 48 weeks of the retailer’s financial year so far to 1.6 per cent compared with the previous year.

Waitrose’s weekly sales rose 18.8 per cent year on year, but declined by a mere 0.8 per cent on a 48-week basis.

READ MORE: John Lewis Partnership fails to smash sales in week before Christmas

“Despite a busy few days in the run-up to Christmas, a slower than usual start to clearance promotions saw a dip in sales for the week,” John Lewis said.

Meanwhile, John Lewis’ fashion sales increased by 5.8 per cent in the week thanks to last-minute Christmas shopping.

However, sales in homeware dropped by 5.3 per cent, while electricals and home technology was down 14.5 per cent “due to slower demand for clearance promotions”.

Waitrose said the decline was “heavily distorted by the fall of Christmas, particularly the inclusion of December 22, one of our peak trading days, which fell in the previous week in 2018”.

John Lewis Partnership will publish an update on Christmas trading on January 9.

Click here to sign up to Retail Gazette‘s free daily email newsletter

The post John Lewis weekly sales down 4.1% despite “busy Christmas” appeared first on Retail Gazette.



from Retail Gazette https://ift.tt/36aVxS8
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
70 comments
Read more

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...
1 comment
Read more

World's 1st Pizza Subscription Service Launches in Toronto

general assembly subscription user opening delivery box of pizza. photo: general assembly pizza By Mario Toneguzzi Toronto-based General Assembly Pizza has launched what it describes as the world’s first pizza subscription service as it also plans to aggressively expand its product offering in the near future by opening a new concept in the market. "Since opening our doors in 2017, we have pushed for the best guest-experience possible — that's why our dough is 100 percent naturally leavened, that's why we have a purpose-built 400-square-foot pick-up and delivery area, and that's why we’ve launched a direct-to-consumer subscription-based ecommerce platform,” said Founder & CEO Ali Khan Lalani. “In 2020, providing the best guest experience means General Assembly Pizza has to be more than a restaurant. I'm proud to say that after almost six months of planning, many roadblocks, and countless pivots — all while maintaining our day-to-day restaurant operatio...
2 comments
Read more