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Strong sales last year see like-for-like figures fall

John Lewis sees electrical sales stall

Like-for-like sales of electricals and home technology faced ‘stiff comparatives’ this week at John Lewis, after the retailer saw a sales fall.

Head of selling development at the retailer, Barry Matheson claimed it was ‘no surprise’ that sales had fallen, with him stating that it was up against one of its best weeks last year.

Blaming what he described as "almost daily reports of doom and gloom," he said "it is perhaps no surprise that our customers appear to be taking a more cautious approach, particularly to major purchases."

Indeed, it was seized upon by Shore Capital analyst John Stevenson to warn that the fall at John Lewis was bad news for technology rivals such as DSGi.

Source: Retail Week

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