John Lewis gets off to a "cracking" start - sales up by a quarter

John Lewis has reported a “cracking start to the year”, with sales up 24% in the first week of January, compared with the same time last year.

Sales across John Lewis department stores reached £113.4m in the week to 4 January, a 23.6% rise on the previous year.

These cheerful sales results come after the retailer boasted a record-breaking Christmas, with revenues up 4% on 2012, and 32% on 2011.

“After getting off to a cracking start immediately after Christmas our clearance (sale) performance continued to be strong last week, resulting in an outstanding 23.6% on last year,” Barry Matheson, director of retail services at John Lewis told the media.

“This was despite horrendous weather conditions throughout the whole of the New Year period which did nothing to deter customers shopping with clicks or in bricks.” Waitrose reported this week its best ever Christmas, making a record £51m on 23 December, with 22,000 items going through its checkouts every minute.”

YOU NEED TO READ:

5 hot business trends that will dominate 2014

Social Bookmarks