News: John Lewis post consecutive increase in profits

John Lewis posted a fifth consecutive week of rising store sales, benefitting from weak comparative sales and a new store opening. John Lewis are seen as a barometer of consumer spending in the UK, showing a 13% increase in sales to £54.6 million in the week to October 17. Fashion sales increased 19.3% while home technology and electricals increased 11.9% and sales in home products rose 9.9%. John Lewis also owns the 218- store Waitrose supermarket chain, which increased sales 14.3% to £84.6 million, underscoring its current position as the UK’s fastest growing grocer. (Reuters)


Leave a comment

Filed under News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s