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John Lewis warns over tough trading as sales fall

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first_img John Lewis warns over tough trading as sales fall Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com John Lewis reported a second consecutive fall in weekly sales at its department stores and warned of tougher trading ahead as shoppers face higher prices, taxes and public spending cuts.However, the employee-owned group, which has long outperformed the broader retail sector, said on Friday it was still budgeting for growth for the year to January 2012.Department store sales fell 0.9 per cent year-on-year to £49.5m in the week to 29 January, following a 2.2 per cent decline the week before.The data add to signs of a slowdown in consumer spending after Christmas and a hike in VAT sales tax.John Lewis, which also runs upmarket grocery chain Waitrose, said electricals and home technology sales fell 5.1 per cent, while sales of home-related products were up 0.3 per cent and fashion sales up 1.4 per cent.Weekly sales at Waitrose rose 6.4 per cent to £95.6m. Friday 4 February 2011 3:39 am whatsapp Share whatsapp John Dunne Tags: NULLlast_img


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