John Lewis, Britain's biggest department store chain, reported flat weekly sales on Friday, strengthening the view that consumer spending has weakened after a strong April boosted by a late Easter and royal wedding.
Sales at John Lewis' Waitrose supermarket chain soared last week as the sunny weekend weather prompted Britons to dust off their barbecues from winter storage. Sales at John Lewis' department stores also increased 7.3...
John Lewis said it would counter a worsening outlook by investing in prices, service and new stores after the British retailer posted a 20 percent rise in full-year profit on the back of rising market share.
Retailer John Lewis reported a fifth consecutive week of subdued sales at its department stores, adding to signs that pressure is building on consumers from higher prices, taxes and public spending cuts.