Mini heatwave trims John Lewis sales growth
<p><a href="http://uk.news.yahoo.com/mini-heatwave-trims-john-lewis-sales-growth-072025068.html"><img src="http://l.yimg.com/bt/api/res/1.2/ASCBvvmo8ayWCXcE358X_g--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-03-30T072025Z_1_CBRE82T0KE500_RTROPTP_2_BRITAIN.JPG" width="130" height="86" alt="Shoppers pass John Lewis department store on Oxford Street in London" align="left" title="Shoppers pass John Lewis department store on Oxford Street in London" border="0" /></a>LONDON (Reuters) - Britain's biggest department store chain John Lewis said last week's sales growth was held back by hot weather, which meant it lost shoppers to alternative outdoor pursuits, as well as tough comparative numbers last year. "It was a week of unseasonably hot weather right across the country, even in Scotland where record temperatures matched those in the Mediterranean," Barry Matheson, director, retail services, said on Friday. "Inevitably that brought opportunities and challenges across our assortments and shops. ...</p><br clear="all"/>
Click here to read the rest of this article.
Add to:
del.cio.us,
Digg,
Yahoo!,
Google
Other articles in the Business news section
- Britvic to cut costs and take Fruit... 31 minutes ago
LONDON (Reuters) - British soft drinks maker Britvic will close two factories and a warehouse in the UK and roll out the Fruit Shoot brand in India as part of a new strategy announced with its interim ...more
- Rolls-Royce wins engine order from U... 33 minutes ago
LONDON (Reuters) - Britain's Rolls-Royce has won a contract to supply engines to power 23 Airbus aircraft ordered by U.S. leasing company CIT Aerospace, it said on Wednesday. Rolls, the world' ...more
- Russian banker has his eye on Europe 36 minutes ago
By Katya Golubkova and Oksana Kobzeva MOSCOW (Reuters) - Igor Kim snapped cast-off assets from foreign banks pulling out of Russia and now the banker says he wants to expand into Europe. Kim, 47, emerged with his partners as an asset consolidator after the global crash of 2008 forced Western banks to downsize, buying the Russian commercial banking units of Barclays, WestLB, Morgan Stanley and Santander. "We are looking at different assets, including in Central and Eastern Europe," Kim told Reuters... ...more
- Insight - No more easy pickings in Russia... 38 minutes ago
By Megan Davies MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for. While players ...more
- UK Mail full-year profit buoyed by e... 39 minutes ago
(Reuters) - Parcel delivery company UK Mail Group Plc reported an 18 percent rise in full-year pretax profit as more thrift-conscious Britons look for online shopping deals. UK Mail, the largest independent parcels, mail and logistics services company in the country, said it expects good progress in the current year, helped by a new, more automated sorting system at its parcels business. Pretax profit, before exceptional items, rose to 17.8 million pounds from 15.1 million pounds a year earlier.... ...more
- Cable & Wireless Communications targets... 44 minutes ago
LONDON (Reuters) - Cable & Wireless Communications met expectations with a 1 percent rise in full-year core earnings, and said it would cut $100 million (65 million pounds) of costs from a business now focused on the Caribbean and Central American. The company, which has sold its Macau and Monaco and Islands businesses, posted earnings before interest, tax, depreciation and amortisation of $905 million for the year to end-March on revenue up 2 percent to $2.89 billion. ... ...more