John Lewis weekly takings top £100m

John Lewis has reported weekly sales in excess of £100m for the first time this year, signifying hopes for a positive Christmas trading period in the retail sector.

The takings are up 10.7% on last year, while sales for were up 23.7%, the company said.

John Lewis retail director Andrew Murphy said: "We’re delighted to have achieved such a strong uplift in sales and it’s clear that as customers start to plan for Christmas, John Lewis is their destination of choice.”

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“All directorates have put in an impressive performance and the online share result is a great testament to the strength of our omnichannel model. In our shops, 11 branches put on double digit increases on last year, with the addition of fashion to
High Wycombe continuing to delight customers,” added Murphy.

Overall retail sales were down by 0.7% in October, according to the Office of National Statistics.

However, market research specialist Verdict predicts that fourth quarter spending will rise 2.2% from the same period in 2012.

It says UK retailers can expect sales levels to reach £85.2 billion this Christmas, the highest growth since the financial crisis.




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