Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 11°C

ESTD 1874 Search

UK: John Lewis posts 13% like-for-like growth in sales over festive period

12:47 02 January 2013

The new John Lewis at home store in Ipswich, the opening of which in November contributed to record sales for the chain in the run-up to Christmas

The new John Lewis at home store in Ipswich, the opening of which in November contributed to record sales for the chain in the run-up to Christmas

Archant

THE reporting season for retail sales over the festive period got off to a stunning start today as department stores chain John Lewis reported like-for-like growth of 13% for the five weeks to December 29.

shares

Total sales for the period were 14.8% up on 2011 at £684.8million, representing 25.5% growth compared with two years ago, or 20.1% on a like-for-like basis.

Electricals and Home Technology sales led the way with 30.9% growth compared with 2011, with Fashion, including Beauty, 10.4% up and Home 6.2% ahead.

Online sales for the five weeks were 44.3% up on the previous year, with Johnlewis.com now accounting for a quarter of the total John Lewis business.

The fourth week of the period, to Saturday, December 22, saw record weekly sales of £157.8m, up 26.5% on the equivalent weeks in 2011 and breaking through the £150m barrier for the first time.

The fifth week of the period, to December 29, saw sales of £112.9m, up 11.5% the equivalent week a year earlier, including a record of £31.7m for the first day of clearance on December 27.

Andy Street, managing director of John Lewis, said: ‘I am delighted that John Lewis has delivered record breaking sales figures over the Christmas period and the first five days of clearance.

“In an economic climate which continues to be volatile, to have achieved these results is testimony to the strength of the John Lewis brand and the commitment of all our partners to give outstanding service.

“The success of our online operation and our pre-eminence as an omni-channel retailer cannot be underestimated. Sales at johnlewis.com broke through the £800m milestone during December supported by an excellent performance from our Click and Collect facility which allows customers the flexibility to buy online and collect from John Lewis and Waitrose outlets.

“Above all, our success can be attributed to the inspiring and innovative products we offer our customers coupled with their trust that we will always provide the best quality and value and will always fulfil our ‘Never Knowingly Undersold’ promise,” he added.

Related articles

shares

0 comments

A computer-generated image of how the Sizewell complex will look after construction of Sizewell C.

Development of Sizewell C took a huge step forward today as the companies were announced that will build its sister nuclear power station in Somerset.

Gary Allen, operations manager,  with Diane Allen and Graham Allen at Ipswich-based Ajax Domestic Spares which is celebratiing 40 years in business.

Ajax Domestic Spares has marked 40 years in business in style by launching a new showroom in Foxhall Road, Ipswich.

Lloyds has added £1.4billion to its bill for compensating customers mis-sold payment protection insurance.

State-backed Lloyds Banking Group’s provision for payment protection insurance mis-selling has topped £13billion after it yesterday took another £1.4billion hit over the scandal.

The Great House restaurant with rooms in Lavenham.

An award-winning Suffolk restaurant has gained another accolade after being ranked the 26th best in the country.

Gavin Patterson, chief executive of BT.

Photo: BT

BT is to pay out up to £129million to extend the Government-led roll-out of superfast broadband, after a bigger-than-expected take-up of the service.

Centrica has reignited controversy over high energy bills by announcing a 44% increase in first half profits at its British Gas retail division.

Energy giants Royal Dutch Shell and Centrica today revealed plans to axe a total of more than 12,000 jobs.

The Willis building in Ipswich.

Around 200 people are to lose their jobs at the Ipswich office of global insurance broker and risk management group Willis.

Christopher Hayman of Hayman Distillers with his children Miranda and James.

Essex gin maker Hayman Distillers is celebrating after winning a Gold award at this year’s International Wine and Spirits Competition (IWSC).

Bakery chain Greggs saw like-for-like sales rise 5.9% in the six months to July 4.

Higher breakfast sales and a bigger range of healthier products helped Greggs grow underlying profits by 51% in the first half of the year.

Barclays chairman 

John McFarlane.
Photo: VisMedia

Barclays boss John McFarlane today signalled plans to ramp up growth, squeeze costs and streamline the business after announcing a 25% rise in first half profits.

Most read

Most commented

Topic pages