John Lewis posts record Christmas sales

John Lewis posts record Christmas salesChristmas turned better for the John Lewis department store chain as shoppers making beelines to push seasonal sales. The group sold goods worth more than £100m during the five week festive trading period, reporting 13 per cent hike in sales compares to the corresponding period last year.

Group's sister business, Waitrose too performed well making the store to call it as best ever Christmas and clearance trading. Andy Street, Managing Director of John Lewis, expressed, "We have seen excellent sales during Christmas and Clearance."

However, the group cautioned against challenges in the way and added that a lot of needs to be done to return to the previous level of economic slowdown. Mr. Street in a press release added, "We expect to see a long slow recovery, with the retailers who continue to focus on giving customers what they want prospering."

Figures for more retailers including Next, Sainsbury's and Marks & Spencer, and many more are yet to announce this week which would clear the picture of gainer and loser during the eve of Christmas and the Boxing Day.