Injohn Luis'S Department Stores Are Not Selling Well Due To Hot Weather.
John Lewis, Britain's largest department store, declined rapidly at the end of September, because British people chose to stay at home in financial difficulties. John Luis,
avoid
Record hot weather, rather than go shopping.
According to the data released by the department store, compared with the same period last year, sales fell by 7.9% in the week ending October 1st, only 57 million 500 thousand, excluding sales tax and VAT sales of 9.5%.
This week Britain experienced the hottest days in history.
The department store said it was a tough week for John Luis because of the heat of the weather, sales of his clothes fell by 13%.
The company said: "obviously, customers are not yet ready to buy Fashion for the autumn, so sales will inevitably decline."
For the British retail industry, this week
Sale
The results are really frightening.
British consumers are obviously feeling the pressure, because Tesco, the top retailer, has seen an unprecedented decline in basic sales.
In addition, in such a depressed atmosphere, maternal and infant supplies
Clothes & Accessories
Company Mothercare and Super Group, a young fashion retailer, also expressed concern about profits.
As prices rise, wages increase slowly and the government encourages frugality, the disposable income of British customers is decreasing.
Howard Archer, chief economist of IHS Global Insight, an American business information company, said the data of John Luis's Department sounded the alarm. Consumers are controlling spending, especially when they decide at will.
product
Their purchasing power has continued to weaken and the situation is grim. They are seriously worried about the economic, job and financial market turbulence.
In September, John Luis announced that profits in the first half of the year fell by 18% due to discounts and increasing investment.
But the company also said that when Christmas comes, it hopes to win over other rivals.
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