John Lewis sales rise driven by lingerie

Department store John Lewis recorded a 9.7% rise in consumer spending in the week to 22 December compared to a week earlier, driven partly by lingerie sales.

The retailer noted in a statement that it saw an increase in lingerie sets being sold, perhaps reinforcing the stereotype that more men choose to buy their gifts at the last minute than women.

The news follows the Confederation of British Industry announcement on Wednesday that retail sales have rebounded in December.

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In CBI’s latest Distributive Trades Survey of 106 firms, 48% of respondents reported that sales were up on a year ago, while 14% said they were down, giving a balance of +34, above expectations of +24.

Clothing sales soared to +33, rebounding from -15 in November.

 

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