Despite experiencing strong results on Thursday, the U.K retailers including Kesa Electricals PLC, John Lewis Partnership PLC and Kingfisher PLC, are being cautious and warned that for the rest of this year retailers in Britain and across the Europe will face a tough time.
According to them, this tough consumer environment will even persist in 2011. Sellers of discretionary items and large-tickets are confused and under pressure, as for now to get consumer credit is a hard job. On the other hand, consumers are alarmed that unemployment will not take its steps backwards.
The famous Retailer John Lewis Partnership has reported its department stores and the Waitrose supermarket arm to have recorded a robust performance, significantly exceeded its half-year performance.
In the six months to July 31, the retailer group has recorded its profits to have touched £111.2million, marking a rise 27.8%. Moreover, sales in John Lewis stores have marginally outpaced that of Waitrose. Sales witnessed by its stores have jumped by 14.5%, while Waitrose sales have marked an 11% rise.
The consumers will soon be affected by the tax rises and budget cuts, a recent report by the Office for National Statistics (ONS) suggests. The UK retail sales have reportedly fallen by 0.5% from July, the report explains. This fall has come as a surprise ever since January.
John Lewis, Kesa and Kingfisher, the three retailers had already put forth that there was a probability for the High Street conditions to worsen. With the non-food stores being driven by the household goods store to a large extent, the sales are said to have seen downfall by 0.7%.
British retailer John Lewis reported an increase of more than 20 per cent in sales for the week ended June 5 as customers purchased more flat-screen TVs to watch World Cup.
Total sales excluding VAT, reported a jump of 17.9 per cent to £53.99 million, while like-for-like sales climbed 14.5 per cent.
John Lewis said that its total sales climbed to settle at £53.99 million during the week, up from £44.78 million in the corresponding period of last year.
High street retailer John Lewis started selling 3D television sets in the UK, starting Thursday.
The 47-inch model of the 3D TVs, which have been manufactured by South Korean firm Samsung, costs £1,799. Consumers will need a pair of special glasses which must be worn to experience 3D content. The pair of special glasses and a cable to connect the TV set comes at an additional cost of £200.
John Lewis, the employee-owned department store chain, had a great Christmas and New Year period with the high recorded sales.
The 150-year-old retailer said that in five weeks to January 2, sales were many times more from last year’s and that of 2007, which rose by 15.8 per cent. Waitrose, the supermarket arm of the John Lewis Partnership, also reported a high in sales of around 9% during that period.
High Street store chain John Lewis posted the biggest ever weekly sales owing to a surge in the Christmas shopping.
John Lewis sold £110 million worth of goods over the week ended December 12. The figure was up by 15 per cent from the year ago period, suggesting that shoppers shaking off fears about recession.
The sales figure also surpassed department store’s biggest week in 2007 by 8 per cent.
John Lewis, on the back of a surge in Christmas and holiday shopping, has reported a significant rise in its weekly sales which has been one of the highest hikes recorded by the chain in its weekly earnings.
In the week up-to December 5, John Lewis reported sales worth 102.4 Million Pounds, which is nearly 1 Million Pounds higher than the last sales record which was set in 2007. Gruffalo, Biscuit the animatronic dog, electronic games and traditional board games topped the best seller list and helped the group hit the highest sales rise ever.
Sales at the employee-owned retailer John Lewis increased 22 per cent on last year to £91.79 million during the previous week owing to strong demand for consumer electronic goods in the run-up to Christmas.
Figures were 6.5 per cent higher as compared with same period two years ago, which was record year for the retailer.
Apart from strong TV sales, sales of PS3 games consoles and Wii were 50 per cent higher than their best week in the Christmas season last year.
John Lewis, the department store chain, has returned to growth in August as it reported an increase of 12 per cent in sales for the week ended August 29, putting an end to pathetic trading figures.
Awful weather and a bank holiday along with the end of the school holidays backed John Lewis to report a 2.4 per cent rise in sales during the week to 29 August.
John Lewis said its sales jumped to £51.5 million from £50.3 million.
Department store chain John Lewis said its sales dropped 1.4 per cent to settle at 46.5 million pounds during the week ended August 15.
It was John Lewis' second consecutive week of lower sales.
John Lewis said electricals and home technology sales were down by 2.1 per cent, while the sales in home department were down by 3.6 per cent, with fashion sales flat. Sales had plunged 5.3 per cent in the previous week.