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John Lewis Full-Year Sales Could Fall 35%

Sales at the department stores were down 17 percent year-on-year since the middle of March.
John Lewis department store | Source: Shutterstock
By
  • Reuters

LONDON, United Kingdom — Britain's John Lewis Partnership said sales at its department store chain could decline by around 35 percent over the full year in a worst case scenario due to the coronavirus crisis, it said on Tuesday.

The employee-owned group, which also owns the Waitrose supermarket business, said sales at John Lewis were down 17 percent year-on-year since the middle of March and down 7 percent since 26 January. Waitrose sales are up 8 percent since January 26.

The company, which has shut all its department stores in the national lockdown, said it had seen a surge in online demand but said many of the most sought after items were in less profitable lines. "We are buying more Scrabble but fewer sofas," it said.

By Kate Holton; editor: James Davey.

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