John Lewis sales boosted by Apple’s new iPad

“Britain’s biggest department store chain John Lewis said last week’s volume of trade was a March record as sunny weather, an earlier fall of Mother’s Day [March 18] and the launch of the new iPad encouraged shoppers to part with their cash,” Reuters reports.

“The employee-owned retailer said on Friday its sales jumped 20.9 percent year-on-year to 63.1 million pounds ($99.8 million) in the week to March 17,” Reuters reports. “John Lewis highlighted sales growth of 53 percent in its electricals and home technology division, reflecting the launch of Apple’s new iPad.”

Reuters reports, “On Thursday two of Britain’s biggest retailers, DIY group Kingfisher and fashion chain Next, said conditions for consumers were likely to slowly improve this year, though official data showed UK retail sales fell in February. Separately on Friday a report said British consumer morale eased last month from January’s five-month high as shoppers grew more worried about their jobs.”

Read more in the full article here.

Related article:
Apple sells over 3 million new iPads in three days – March 19, 2012

3 Comments

  1. Well known and long standing high street retail chains are going out of business every week. Town centres are starting to look like ghost towns. This country is knackered and Cameron doesn’t have f****** clue. He’s too busy lining the pockets of his rich mates with tax cuts for millionaires while those on minimum wage get nothing.

    1. Not true. The headline minimum wage figure didn’t increase by much because it would have ended up with more people being laid off if it had, but in the meantime the government has increased the non-taxable earnings threshold by £100/month or so. So those on minimum wage get an increase in the money in their pockets without it increasing the dole queues.

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