By Grace Bowden21 January 2020
John Lewis has reported a decline in its weekly sales as demand for Clearance items tailed off and home sales dropped.
The department store retailer posted a 2.8% decline in sales in the week to January 18.
Home posted the steepest decline during the period, down 9.3% as the retailer said it “sold through many lines to clear space for Spring Summer 2020 product”.
Fashion sales declined 2.8% during the period, but sales of menswear products increased 7.3%, spurred by competitor price matching.
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John Lewis has reported a decline in its weekly sales as demand for Clearance items tailed off and home sales dropped.
https://www.retail-week.com/department-stores/john-lewis-sales-fall-exacerbated-by-poor-homewares-demand/7033987.article