Subscribe

feed image

Data


Module by: CoreTemplate and StockTrader
Module by: CoreTemplate and StockTrader

Business FX Blog

Adam Solomon is a specialist in business foreign exchange issues at foreign exchange brokers TORfx.

The idea of this column is to assist businesses in saving money on making or receiving payments in foreign currency. It is developed with all companies in mind from public companies with large and complex operations, to smaller companies and individuals.

>> Take a Visit

INSIGHT

Nigerian oil: New Bill threatens industry
Nigerian Oil: Experts say it would be hard to reverse proposed changes.Read more...
Tiger Woods and why companies take out 'disgrace' insurance
Insurance market, Lloyds of London, look at the Tiger Woods saga and the impact it has had on his...Read more...
Yemen gas: disturbing questions asked
The prospect of increasing Yemeni terrorism must be recognised.Read more...
Falklands: Dispute helps both British and Argentine leaders
But the crisis may well play into the political posturing of equally embattled United Kingdom Prime...Read more...
Kurdish oil: Getting left behind
Kurds push for oil law with Baghdad amid south’s sudden bright future.Read more...

Company News

Candlestick graphs and candlestick patterns

Trading basics: Understand candlestick graphs: A look at the 'Scoop' and links to GFT candlestick guides.


Other Company News
Home Economic Fundamentals UK Economic John Lewis: Online sales up during cold snap

£200 Trading Bonus

John Lewis: Online sales up during cold snap PDF Print E-mail
UK Economic
Written by Paul Williams   
Monday, 18 January 2010 16:03
John Lewis department store says recent cold snap offered significant boost to online sales.
_______________

John Lewis has revealed online sales increased 56% during the week ending 9 January, when the UK was in the grip of severe snow storms and sub-zero temperatures. However, the adverse weather did have a negative impact on John Lewis store sales, which saw double-digit declines in like-for-like sales as shoppers avoided venturing outdoors.

Despite the drop in footfall to its stores, with some stores takings plummeting by almost 30%, the growth in web sales last week resulted in the group trading just 1.4% below last year.

The retailer said sales at its 28 department stores and one John Lewis at home store were £53.8 million, down from £54.6 million in the same period last year.

In contrast sales at Waitrose, John Lewis' sister chain, increased 22% to £92.5 million as shoppers stocked up on food and essential items during the adverse weather. Sales of corned beef and spam were up 70% and 40% respectively.
 
Andrew Murphy, John Lewis’s director of operational development, said:

“In perhaps the toughest week of a cold and snowy winter, it was heartening to see that Partners across the business were able to overcome even the very worst of British weather”.


Last Updated ( Monday, 18 January 2010 16:32 )