- The Japan Fashion Week Witnesses an Asian InfluencePosted 16 days ago
- Miuccia Prada Substantiates the High Pricing of Prada DesignsPosted 16 days ago
- Is RiRi the New Face for the Chanel Line of Accessories?Posted 17 days ago
- Diesel celebrates its new collaboration in grand stylePosted 23 days ago
- The new trendsetter: Kate Spade SaturdayPosted 24 days ago
- The exhilarating Nashville Fashion WeekPosted 25 days ago
- Fashion week selecting the Budding DesignersPosted 28 days ago
- AVI’s fashion arm aids its overall revenue growthPosted 50 days ago
- Aftershock London to venture on International scalePosted 51 days ago
- Lufian eyes UAE fashion field with 3 outlets in five monthsPosted 52 days ago
Fashion arm aids 13.5% sales growth for John Lewis
John Lewis has been going through an enviable phase as far as its sales growth is concerned. John Lewis registered a 13.5 percent growth in its sales growth on gross basis. This growth for John Lewis was greatly aided by its involvement in the fashion sector. Brands like Polo Ralph Lauren proved exceedingly fruitful for John Lewis and returned numbers at par the market outcome. Online, click and collect sections played a crucial role in development of such sales figures.
John Lewis posts enviable growth figures in current financial year’s first five weeks
After the first five weeks of its current financial year, the sales growth was approximated around 16% and the like- to- like growth was over 13.5%. Managing director Andy Street for John Lewis commended the Omni-channel presence of the brand for its steady growth. The like- to- like growth was also around 4% during the week which saw Debenhams being flooded with snow. Further, Andy Street acknowledge their performance being at par with market results and prospected bettering of the growth figures in coming future.
John Lewis now targets to double the growth in future
Adam Street said that the fashion arm of John Lewis, despite the growth figures it had shown, had the potential of making it double in future. He cited that online presence has aided their growth cause, crediting 25% of sales through online medium. Moreover, Adam Street pointed out that having less than 40 shops and getting them strategically placed has helped John Lewis to avert the problems faced by other competitors in the industry which have around 200 odd shops and need to provide bulk resource for it.