John Lewis weekly sales up 13.3%
John Lewis saw a 13.3% uplift in its weekly sales last week, boosted by strong trade in electrical and technology items particularly at its flagship store in London¬ís Oxford Street.
The retailer said 16 shops traded in double figures in the week with the Swindon and Tamworth new format shops leading the way with increases of 33% and 25.6% respectively.
Of the full-line department stores, Solihull was the best performer with an increase of 16.1%. This was followed by Liverpool where the Aintree races drove fashion sales to give an overall increase for the store of 15.9%.
Online sales at johnlewis.com were up 21.7% as the retailer’s new website bedded in. Barry Matheson, director of retail services, said: "Behind-the-scenes Partners from across the business are working incredibly hard to ensure that the customer experience and commercial activities required to optimise the performance of the new site are in full swing."
Of the buying directorates, Electricals and Home Technology was the star performer, particularly at the Oxford Street store, with sales increasing by 32.1%. Trade was driven by good availability in key technology lines and an extended guarantee promotion.
Fashion sales rose 4.8% as the retailer’s Never Knowingly Undersold commitment boosted beauty sales.
The Home directorate saw a 6.7% uplift in sales with accessories and gifts delivering the best increases for the week.
Yesterday, the John Lewis Partnership announced that staff would receive a bonus of 17% of their salaries after full-year pre-tax profits rose 15.8% to £409.6 million.
Matheson added: "By the time these comments are printed, we will all know the results of the Bonus and the fruit of last year's labour. This year has started out in an even stronger vein but there can be no room for complacency as there are some stiffer numbers ahead of us in the weeks to come, particularly around Easter. But that is a challenge I am sure we will all face with relish."
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