Business World

Sunday 20 January 2019

Christmas Eve surge boosts John Lewis

John Lewis has released sales figures (PA)
John Lewis has released sales figures (PA)

Paul Sandle

Britain's biggest department store operator John Lewis said sales rose 4.5pc in the week ending December 29, boosted by strong demand on Christmas Eve and "a confident start to post-Christmas clearance both online and in shops".

Fashion sales were up 10.7pc on the previous year, with women's cashmere and accessories performing well, the employee-owned retailer said. Christmas shoppers also spent more on beauty and well-being.

John Lewis is the first retailer to update on trading at the end of a tough year for a sector that has seen a string of chains going out of business and rival department stores Debenhams and House of Fraser announcing store closures.

Stores were pinning hopes on a last-minute surge in demand before Christmas and post-Christmas sales to counter poor trading in November and early December.

John Lewis - Britain's biggest department stores operator - said demand was "very strong" on Christmas Eve, indicating that shoppers had delayed rather than cut spending, and customers were also looking for bargains in its clearance sale, both online and in store.

Industry data had indicated that the post-Christmas sales started slowly, with the number of shoppers visiting shopping centres and retail districts dipping year-on-year the day after Christmas, traditionally one of the busiest of the year.

Reuters

Irish Independent

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