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Retail chain John Lewis reports strong performance for clearing sales

Jul 11 2008 by Tony McDonough, icNorthWest

Retail giant John Lewis says its first week of clearance sales generated revenues of £61.5m - a fall of 1.3% on a year earlier but up 9.7% on the same week two years ago.

The chain’s sales have been under pressure in recent months, with the group recently reporting a drop of 8.3% on a year ago for the week to June 28.

Selling operations director Dan Knowles says bargain hunters gave the chain a better result during the biggest week of the financial year to date.

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