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 President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
- 2 Doctors remove 80 teeth from boy's jaw
- 3 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
President of Argentina adopts Jewish godson to 'stop him turning into a werewolf'
The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
Downfall of Dustin 'Screech' Diamond, the 'Saved By The Bell' star charged with bar stabbing
Syrian teenager Usaid Barho reveals how he escaped from Isis using a suicide vest
Sir Winston Churchill’s family begged him not to convert to Islam, letter reveals
Millions of Britons struggling to feed themselves and facing malnourishment
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Nigel Farage: Ukip leader named 'Briton of the year' by The Times
Immigrants make UK racist, says Ukip councillor Trevor Shonk
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...