“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.”
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