John Lewis Sales Growth Slowed Or Affected By Europe

According to foreign media reports, during the week from July 2nd after the referendum in Britain, sales of chain stores in John Lewis, a British retailer, slowed down.

It is reported that John Lewis group is an employee owned enterprise. It owns the largest chain store John Lewis in the UK and Waitrose in the high-end supermarket chain.

John Lewis is currently the only public weekly sales data.

Retailer。

Although its data were also affected by the summer discounts and climate, it was indeed the most true portrayal of the negative impact of the British retail industry after the referendum in June 23rd.

John Lewis said on Tuesday: "sales increased by about 2.1% last week compared with 90 million 800 thousand in the same period last year.

And in the summer of the previous week

A week or so ahead of the same period last year, its sales grew by about 7.3%.

According to public information, compared with the same period last year, sales of John Lewis decreased by 0.7% as of last week, while Waitrose sales decreased by 2.8% compared with the same period last year.

According to foreign media analysis, British consumers after the referendum off Europe

Fell sharply.

According to the UK consumer confidence index (used to measure consumer's daily consumption sentiment), the consumer confidence index has dropped to its lowest level since the British financial crisis in May 2013.

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The bad retail market has spread to chain stores.

Despite the strong performance of the US chain store J.C.Penny in the current environment, many chain stores have varying degrees of decline in the warm winter, strong dollar and consumer sentiment.

Recently, the John Lewis parent company of British chain store reported its earnings, and its annual pre tax profits dropped sharply.

It is reported that the retail group, which operates in the form of employee cooperatives, decided to pay 10% of its 91 thousand and 500 employees a total of 145 million pounds last year.

In the recent earnings report, its parent company John Lewis Partneship PLC recorded a 10.9% decline in its pre tax profits, and ordered 10% of the annual bonus of all employees.

This has been a third year reduction in the bonus of a series of data, and the lowest level of bonus since 2003.

In the 2014 fiscal year, the bonus ratio was 11%, 2013 in fiscal year 15%, and 11% in the 2015 fiscal year.

Its annual earnings data, adjusted, operating profit rose 0.2% to 250 million 200 thousand pounds on year, net sales rose 2.8% to 4 billion 557 million 400 thousand pounds, a 3.1% strong growth in sales, of which the fashion department's performance was the most prominent, and net sales increased by 6.2%.

When the chairman of the board commented on the group's performance last year, he pointed out that the non food business was generally relatively quiet. He was cautious about the outlook for 2016: "the market environment will still be full of challenges, and the grocery business will be particularly difficult."