John Lewis hopes for late Christmas boost as sales decline
Friday 20 December 2013
John Lewis has revealed that sales fell last week across all its London stores, compared with the same week a year ago, in the clearest sign yet that people are leaving their Christmas shopping later than ever.
The department store hopes to see a boost this weekend with some workers getting paid today and internet deliveries now unlikely to arrive before Christmas.
However, the rush for electricals has failed to materialise.
The drop in sales comes at the same time as rival Marks & Spencer prepares to launch a huge 30 per cent sale across its entire non-food offering tomorrow.
M&S’s decision has led some analysts to argue it risks losing loyal customers.
Independent retail analyst Nick Bubb said: “Marks & Spencer have just thrown away all their pricing power by launching a ‘Mega Day’ tomorrow so close to Xmas. We thought of burning the ashes of an M&S pink coat at Marble Arch to mourn the death of full-price retailing.
"Whether it will turn out to be worth doing that in the short term, just to try to save the CEO’s job, remains to be seen, but the M&S brand will suffer long-term damage.”
At John Lewis, sales at its Oxford Street store for the week to December 14 fell 3.9%, its Brent Cross site dropped 10.1% and Peter Jones in Chelsea fell 1%. Overall, sales were up 1.4% to £149.9 million.
- 1 Husband creates spreadsheet detailing wife's 'excuses' for turning down sex
- 2 UK pirates will get four warning letters a year
- 3 Saneie Masilela, 9, marries Helen Shabangu, 53 years his senior, for the second time
- 4 Time runs out for Christian Iraq: Isis deadline passes with mass flight
- 5 Why I'm on the brink of burning my Israeli passport
Saneie Masilela, 9, marries Helen Shabangu, 53 years his senior, for the second time
Time runs out for Christian Iraq: Isis deadline passes with mass flight
Miley Cyrus death hoax: Fans distraught after Facebook scam goes viral and she doesn't tweet for three days
Malaysia Airlines MH17 crash: France and Germany accused of going soft on Putin as sanctions talks stall
Israel-Gaza conflict: Deadly flechette shells 'used by Israeli military in Gaza Strip’
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains
Malaysia Airlines MH17 crash analysis: A tragic lesson of advanced weapons in the wrong hands
- < Previous
- Next >
iJobs Money & Business
£28000 - £32000 per annum + benefits: Ashdown Group: Training Programme Manage...
£28000 - £32000 per annum: Ashdown Group: Training/Learning and Development Co...
£40000 - £50000 Per Annum: Clearwater People Solutions Ltd: Business Analyst r...
£500 - £550 per day: Orgtel: BA/PM - Client Data London (Greater)