Help Sitemap Home Skip Navigation Contact Us Disability Statement

Redmayne Bentley Stockbrokers Logo
Sponsored by
Yorkshire’s Oldest and Award-Winning Stockbroker
Share Dealing and Investment Management Services
 
 
Tuesday, 2nd December 2008

Premium Article !

Your account has been frozen. For your available options click the below button.

Options

Premium Article !

To read this article in full you must have registered and have a Premium Content Subscription with the n/a site.

Subscribe

Registered Article !

To read this article in full you must be registered with the site.

John Lewis is feeling the pain out of town



Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 04 July 2008
Department store chain John Lewis yesterday said its out-of-town stores suffered most in a sharp sales fall last week.

The group said sales fell 8.3 per cent during the week to June 28 compared to the prior year, led by hefty declines for home and electrical goods.

In a signal that rising fuel costs were also having an impact on trade, John Lewis said its out-of-t
own stores – such as Bluewater in Kent and Brent Cross in North London – fared the worst in terms of sales. Bluewater's sales dropped nearly 25 per cent during the week, with Brent Cross posting a 17 per cent decline.

"There is no doubt that trade in our shops proved challenging when compared to exceptional results last year," commercial director Phil Hullah said.

Retail analyst Freddie George at Seymour Pierce said they were a "very weak" set of figures. He also cited sporting events such as Wimbledon and the Euro 2008 football championships as having an impact. On the out-of-town decline, Mr George added: "There must be more going on here than the higher cost of petrol putting off shoppers going to these destination outlets – perhaps they are progressively being viewed as not attractive places to visit during the summer."

Electrical and home technology sales were down 15.8 per cent during the week, with home items 13 per cent worse off. Fashion helped stem the decline with a 2 per cent rise, John Lewis said.

Sales of bigger ticket items such as washing machines and sofas have been among the main casualties during a consumer spending squeeze.

Just two of the chain's branches posted sales rises – the flagship branch on London's Oxford Street, which enjoyed an overall 5.6 per cent rise, and Knight & Lee in Southsea, Portsmouth, which was 0.7 per cent better off.



The full article contains 317 words and appears in n/a newspaper.
Page 1 of 1

  • Last Updated: 04 July 2008 9:04 PM
  • Source: n/a
  • Location: Yorkshire
 
 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.