John Lewis slips after Black Friday bonanza

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The discount event imported from the US saw retailers slash prices last month, especially on tablets and TVs. It meant sales of electronics at John Lewis fell 4% year on year in the week to Saturday following Black Friday when John Lewis recorded its best-ever week of sales.

The company said it has “stood up to the challenge” of a boost in online sales this Christmas, which has seen retailers including Marks & Spencer, Debenhams and Tesco struggle under the weight of orders.

Online sales at John Lewis rose 10% this week on a year ago, with about one in three purchases expected to be made through its website. Click-and-collect orders rose 32%. The number of customers placing orders in-store through tablets and smartphones, or with the help of staff, jumped 31%.

Sales in the week to Saturday rose 0.6% against a year ago to £150.7 million, with an overall 11% growth in Christmas trading so far, thanks in part to Black Friday.

Fashion sales were up 5.2%, but bosses suggested that shoppers are still leaving gift buying to the last minute, with homeware sales rising just 0.1%.

Source Article from http://www.standard.co.uk/business/business-news/john-lewis-slips-after-black-friday-bonanza-9928175.html

December 16, 2014 |
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