Investor's Champion Blog
Provides refreshingly forthright, independent comment on predominantly small cap companies and specialist investment funds. Informed opinion, based on first-hand research, but pulls no punches in exposing management weaknesses.

John Lewis-'high' streets ahead of the competition

I see that John Lewis is demonstrating that perhaps there is a future for the high street after all.

The John Lewis Department Stores’ sales for the week to 23rd December apparently produced a sales increase of c13% from the department stores and for the next week an increase of c6%. The ‘sale’ has also apparently got off to a good start.

Waitrose also joined the Christmas party with sales for the week to 23rd December up +10.9% and for the following week up +12.4%.

Having had ample opportunity to sample the delights of John Lewis and the online joint venture operation Ocado over the last weeks I would recommend that representatives of other struggling retailers consider camping out in John Lewis stores (and warehouses) to learn a thing or too about retailing.

For me they just appear to be ‘high' streets ahead of the competition. It's a pity one can’t buy shares-good luck and long may it continue.


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