John Lewis ends run of falling sales
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Department store chain John Lewis ended its run of falling sales by reporting a 2.1 per cent jump in revenues.
John Lewis said the increase, which followed four weeks of negative sales growth, was 'particularly pleasing' in the current economic climate.
The chain was helped by the first full week of trading at its relocated store in Liverpool, while three outlets - Edinburgh, Kingston and Oxford Street - improved sales on a year earlier.
The weekly trading figures from John Lewis have attracted close attention in recent weeks given the insight they offer into UK consumer spending.
Seymour Pierce research analyst Freddie George said John Lewis was helped last week by better weather and easier comparatives with a year earlier.
He also noted sales at out-of-town locations remained difficult, with shops at Bluewater and Brent Cross 7.6 per cent lower and Cribbs Causeway near Bristol off 6.4 per cent.
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