The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNext Share News (NXT)

Share Price Information for Next (NXT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 9,098.00
Bid: 9,110.00
Ask: 9,114.00
Change: 120.00 (1.34%)
Spread: 4.00 (0.044%)
Open: 9,066.00
High: 9,144.00
Low: 9,008.00
Prev. Close: 8,978.00
NXT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK's John Lewis enjoys 4.8 pct Christmas sales rise

Mon, 05th Jan 2015 00:01

LONDON, Jan 5 (Reuters) - Sales at Britain's biggestdepartment store group John Lewis rose nearly 5 percentin the five weeks to Dec. 27, driven by the "Black Friday"frenzy at the start of the period and by last-minute Christmasgift-buying at the end.

While sales in the Black Friday discount event were led byelectricals and home technology, the most popular gifts forChristmas included fitness trackers, coffee machines and kitchenappliances, the employee-owned group said on Monday.

Sales in the five-week period hit 777 million pounds ($1.2billion), up 4.8 percent on a like-for-like basis on a yearbefore, driven by a 19 percent jump in online sales.

The jump in online demand meant some 36 percent of all groupsales were conducted via the johnlewis.com website during theChristmas period, with more than half of those being collectedin shops via the "Click & Collect" delivery option.

The company said the standout event had been the success ofits Black Friday promotions, which resulted in record salesduring that week at the end of November, and then a lull beforetrading picked up in the run in Christmas.

"This year confirmed the new shape of trade for Christmas,with an early peak at the end of November driven by Black Fridayand last-minute gift buying," said Managing Director AndyStreet.

The 150-year-old John Lewis outperformed many of its rivalsduring the economic downturn, due to its strong online offering,modern stores and more affluent customer base. The group is oneof the first in the British sector to report on its performancein the weeks running up to Christmas, a key trading period.

Retailer Next said earlier this week it had enjoyeda solid rise in Christmas sales, especially online, withouthaving to resort to the discounting seen on many shoppingstreets.

Updates are due next week from Marks & Spencer andsupermarket groups Tesco and Sainsbury.

For the year ahead, many retailers are more optimistic ontheir prospects given rising incomes and higher employment.

The John Lewis numbers do not include results from theWaitrose supermarket chain which is part of the wider John LewisPartnership. Waitrose on Jan. 2 reported a provisional 6.5percent rise in sales excluding fuel in the two weeks to Dec.27.

($1 = 0.6491 pounds) (Reporting by Kate Holton; Editing by David Holmes)

More News
26 Jun 2023 08:55

LONDON BROKER RATINGS: JPMorgan cuts Lloyds Banking to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
21 Jun 2023 12:33

Elliott mulls potential bid for Reiss - report

(Sharecast News) - Activist investor Elliott Advisors has emerged as a potential suitor for fashion brand Reiss, it was reported on Wednesday.

Read more
21 Jun 2023 11:41

Next a strong UK fashion market outfit as summer weather boosts sales

(Alliance News) - Next PLC is a "clear winner" in the UK fashion market as warm weather boosts its sales, Liberum said.

Read more
20 Jun 2023 11:28

Move over China, India & Brazil are in: TS Lombard

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 10:38

Citi: "Can the bullish momentum continue?"

STOXX Europe 600 down 0.5%

*

Read more
20 Jun 2023 09:35

LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning on Monday:

Read more
20 Jun 2023 09:10

STOXX on the backfoot

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at

STOXX ON THE BACKFOOT (0754 GMT)

Read more
19 Jun 2023 17:09

London stocks lag as miners slip; AstraZeneca weighs

AstraZeneca down on report of China business spin off plan

*

Read more
19 Jun 2023 16:53

LONDON MARKET CLOSE: Stocks under pressure from expected BoE hike

(Alliance News) - Stocks in London ended lower on Monday, weighed down by a disappointing post-Covid recovery in China and the increasing expectation that interest rates in the UK will keep pushing higher.

Read more
19 Jun 2023 14:13

UK's Next raises profit outlook on better weather, consumers' wage hikes

Second quarter sales up 9.3% year-on-year

*

Read more
19 Jun 2023 13:47

TOP NEWS: Next ups full-year guidance as sunnier weather lifts sales

(Alliance News) - Next PLC on Monday lifted yearly guidance after enjoying better-than-expected trading in recent weeks due to warmer weather and more consumer spending power.

Read more
19 Jun 2023 13:01

Next lifts FY sales and profit guidance, shares surge

(Sharecast News) - Next surged on Monday after the retailer upgraded its full-year sales and profit guidance following much better-than-expected trading in the last seven weeks, boosted by warmer weather and the impact of pay rises.

Read more
15 Jun 2023 09:12

LONDON BROKER RATINGS: Goldman Sachs cuts Diageo to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
13 Jun 2023 13:02

Next in the process of possibly selling Reiss stake

(Sharecast News) - High street clothing retailer Next is currently engaged in discussions over the potential sale of Reiss, the fashion chain it controls, in a deal that could value Reiss at more than £500m.

Read more
18 May 2023 18:31

IN BRIEF: Next sees sizeable opposition in vote to re-elect chair

Next PLC - Leicester-based clothing and homewares retailer - Proposal to re-elect Chair Michael Roney opposed by just under 21% of votes at annual general meeting. Next notes "significant vote against this resolution". Next will engage with shareholders and provide an update by November 18.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.