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| Tough times... |
Whilst, John Lewis enjoyed ‘outstanding’ sales over the
festive period, clothes retailer Next had contrasting fortunes seeing a fall in
sales lead to lower share prices.
Sales in John Lewis were up by 6.2% from a year ago which was
largely helped by ‘out of this world’ sales leading up to Christmas Eve and its
biggest ever week ending on December 17th which saw a collective
total of £133.1million of revenue being brought in. Next, on the other hand saw
a disappointing set of results reveal that since the start of January 2011
sales have fallen by 2.2%. Although sales via the internet were up, high street
sales diminished to such an extent that both Next and the rest of the high
street look set to endure a torrid period going into the traditionally stale
spring.
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| Simply the best... |
To find out just how torrid
2012 will be for the high street, will only truly be revealed to a greater extent
next week when Marks and Spencer’s unveil their festive figures for last year. One
can only hope that that they lean to those of fellow retailers John Lewis than
those of Next.
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