The catwalks are humming and buyers are still trawling the stands at London Fashion Week, but behind the scenes luxury clothing retailers are considering the knock-on effects of a global financial crisis.
John Lewis, the employee-owned retailer seen as a barometer of high street trading, said latest weekly sales at its department stores rose 9.3 percent, reflecting helpfully poor weather and weak comparative numbers.
Weekly sales at John Lewis JLP.UL department stores surged 5.9 percent compared with the same period last year, reversing four weeks of falls as cash-strapped shoppers flocked to its summer clearance sale.
Department store sales at retailer John Lewis JLP.UL have broken a four-week losing streak, rising 2.1 percent in the week ended June 7 compared with the same time a year ago, it said on Friday. Sales were led by an 8.