John Lewis posts fall

The John Lewis partnership has reported a 9.7 per cent fall in weekly sales, the eighth decline in a row.
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The group, which runs 27 UK department stores, said the week to November 8th sales in the division were £57.8 million pounds.

Despite a fall in many areas, the retailer reported a strong week for toys. Nat Wakely, director of retail operations for Region A said: “Toy activity was greatly increased as we matched a great deal of pricing activity from our competitors.

He blamed the overall sales decline on a number of factors: "The combination of economic uncertainty and grim weather at the end of the week made trading that much more difficult.

"The economic climate continues to be difficult, but we hope with last week's interest rate cut, together with the news of our own investment in both Bluewater and Dublin, and our new TV advertising campaign, we will continue to outperform a difficult market."


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