UK Christmas spending is likely to rise this year but the latest set of data suggests that it’s inflation that will be driving that rise, not consumer enthusiasm, and fashion will suffer even though beauty will prosper.
John lewis once again reflected the overall shaky state of the UK retail market last week with the company on Tuesday saying that its sales fell 4% year-on-year to £98.7 million in the seven days to October 28.
Debenhams profits dropped in the latest year but the big news was around its rebirth plan that includes a new designer signing, in-store gyms, soaring mobile sales, making its Danish chain a Scandi hub and much more.
It was another slow period for John Lewis last week as the on-going mild weather rounded off October with a further sales fall. And fashion was a weak category, even though lingerie and own-label product was stronger.
Weekly sales fell again at John Lewis in the latest seven days with the period to October 14 seeing a drop of 4.6% to £86.4 million. That’s bad news for a store that’s used to sales rise after sales rise.
John Lewis’ latest retail report reveals shopper’s love for millennial pink, mobile shopping, unicorn motifs and unique shopping experiences, while push-up bras and office suits for women have fallen out of fashion.