John Lewis sales plunge as late Black Friday skews comparisons

And the news from the John Lewis department stores chain was even worse with a 43.3% plunge. But hold on… was the performance really that bad? Well, of course not. We have to take into account that last year, Black Friday came a week earlier in the month rather than right at the end of the month as is happening this time.That means the figures were being compared directly to just about the biggest promotional few days of the year and were always going to come off badly up against that metric. It should also mean that this time next week, the company will announce a sales surge for the previous seven days.

So what exactly happened last week? The company said its “performance exceeded expectations with the scheduled launch of Black Friday deals towards the end of the week”. Sales were up 30% compared to the week before Black Friday last year and reflected the fact that so many retailers were launching BF deals early.The retailer has now launched hundreds of them across a range of categories, including fragrance, technology, home, nursery, and toys and said “we are already seeing positive pick-up of these deals”. For the Black Friday period, it’s also lowering thousands of prices of individual products to match physical store competitors’ deals as part of its Never Knowingly Undersold price promise. That means there’s likely to be attractive pricing on fashion product too.But for the week in question, Fashion suffered with the overall department’s sales down 42.4%. However it saw demand for Beauty, Wellbeing and Leisure products as it price-matched competitor promotions.

Related Posts

Amazon, NY attorney general call off COVID-19 litigation

In a filing, Attorney General Letitia James agreed not to seek review of a May state court decision that had found federal law preempted her claims that…

Amazon workers in Germany to strike for better pay

Germany is Amazon’s biggest market after the United States, and Verdi, a leading services sector union, has been organising strikes on and off at Amazon sites in…

Frasers Group agrees to go fur-free

It’s the owner of Flannels, House of Fraser, Sports Direct and more, as well as holding big stakes in Mulberry and Hugo Boss. It has “immediately informed…

Budget 2021- Help for retail but no online sales tax

For a start, the furlough scheme is being extended until the end of September, although businesses will contribute 10% of wages for employees on furlough in August…

Google policy head retools team for global lobbying push

Government officials in the United States, India, Ireland, Singapore, Australia and at least several other countries have threatened regulation or launched probes concerning Google’s user privacy practices,…

Fashion retailers can have good Christmas, but must look beyond Black Friday – report

Affiliate marketing specialist CJ Affiliate said that while the summer season was tough this year, with both in-store and online retailers forced to slash prices early, “the…