Waitrose basks in heat but John Lewis is in a sweat as sales fall
Waitrose today toasted booming sales, as shoppers took advantage of the heatwave and stocked up on champagne, sausages and charcoal for alfresco dining.
However, the sunny weather — plus people being glued to their TVs watching the Ashes and Wimbledon — saw visitor numbers at John Lewis Partnership’s department stores fall. John Lewis said revenue tanked by 8.7 per cent to £64.2 million over the week to July 13 — one of its worst performances this year.
Director Maggie Porteous said the balmy weather, as well as the end of the Wimbledon tournament and England’s win in the Ashes cricket last week, had hit sales.
But Waitrose was on fire and posted sales up by 16.4 per cent to £123.5 million, with its “best-ever week” for barbecue meat and charcoal takings soaring by 720 per cent.
The figures from Waitrose will have a positive read-across for the listed supermarkets, Sainsbury’s, Tesco and Morrisons, although investors in Debenhams are likely to be less bullish about the continuing heatwave, as warm weather typically hits visitor numbers to department stores.
- 1 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 2 Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
- 3 Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
Revealed: How the world gets rich – from privatising British public services
iJobs Money & Business
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Age Concern Slough a...
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Crossroads Care is s...
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...