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John Lewis sales growth stalls Friday, 26th October 2012
John Lewis prepares for the onset of colder weather. Photo credit: John Lewis
Sales growth for Britain’s biggest department store group fell for the third week in a row last week, as tough comparables from the year before proved hard to beat.
John Lewis on Friday said department store sales rose 7.0 per cent to £69.4 million in the week to 20 October. This follows a continued trend for a decline seen in the last three weeks, with sales up 8.6 per cent for the week before.
However, the firm was optimistic for sales to the week end of 27 October, thanks to the launch of Windows 8 and the Kindle Fire, which saw many shoppers holding off from making electrical purchases in recent weeks in the run up to the releases.
John Lewis’ supermarket chain Waitrose reported a 4.1 per cent rise in sales to £109.4 million for the week to 20 October.