John Lewis ups sales outlook
JOHN Lewis, the UK’s biggest department store, yesterday raised sales guidance after outperforming a flat retail market in its first quarter and said the economy is on course for a slow recovery, despite a recent dip back into recession.
In the quarter to 28 April the group saw sales growth of 12.2 per cent, equal to like-for-like growth of about seven per cent, well above the flattish overall market.