John Lewis News Update: John Lewis Sales Dip

Department Store Sales Drop

John Lewis news update: The much loved high street department store John Lewis, have reported weekly sales have dropped to the lowest takings in two years. This may be indicative of the exceptional circumstances of the previous couple of years – the royal wedding, the jubilee, the Olympics and Paralympics and so on.

“Only £59.8m went through the retailer’s tills in the week to 8 June, falling below the £60m-a-week mark for the first time since September 2011. Sales were more than 5% down on the same week last year.

This was despite the group opening seven new stores and seeing continued record growth in its internet operation – one of the biggest online success stories for a high street retailer.

Sales of electricals were dented by £1.2m as TV sales fell as a result of last year’s digital switchover – when the analogue signal was switched off across London and shoppers upgraded their televisions.

Sales had been expected to fall in the week to 8 June, compared with a year earlier, because in 2012 there was an extra bank holiday, a later half term and gloomy weather, which all encouraged shoppers into stores.

With warm weather finally hitting large swaths of the UK in the first week of June, customers also stayed clear of the high street to enjoy the sunshine, the company said.

Peter Ruis, buying and brand director, said: ‘Customers really responded to our most weather-dependent ranges with strong results in outdoor living, up 26%, barbecues up 23% and picnicware up 17%.’
However, electricals suffered a 4.6% fall and home fell 8.9% on last year’s levels as a result of the high sales of jubilee merchandise in 2012.

The retail analyst Nick Bubb agreed that the department store’s impressive recent growth could be coming to an end.
He said: ‘This is probably just a blip for John Lewis, but they aren’t singing and dancing quite as much as they were a few months ago. All in all it’s getting a bit harder for them and the strong growth appears to be slowing.’

The John Lewis Partnership, which also includes Waitrose, achieved record profits last year, up 15.8% to £409m, giving employees, or partners, a 17% bonus.

Online sales for johnlewis.com soared 40% last year with sales topping £1bn for the first time in the site’s history – a year ahead of schedule.”

John Lewis will continue to be a prevailing presence on the UK high street with these number causing little worry for the company directors and as we all know from their adverts, Christmas is a big selling time for them as with every high street store. For more information on the products and services offered by John Lewis or their partner store Waitrose, contact the John Lewis customer service department.

Original article sourced from www.guardian.co.uk.

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