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The John Lewis Partnership continues to benefit from the London Olympics, with both its department store and food chain reporting strong growth in the last week. For the week ending 4 August, group sales rose by 14% year-on-year to nearly £172m.
At the John Lewis chain, sales jumped up 22.4% to £63.3m, with Olympic merchandise sales surging up 51%. Sales in the electricals and home technology category grew by 31.2%, prompted by a 25.5% rise in sales of large screen TVs. Fashion sales rose 25.5%, while sales in the home category were up 14.6%.
Meanwhile, Waitrose saw its sales grow by 9.7% to £108.7m, with strong growth in all its categories. Sales of Ambient food rose by 9.7%; sales of chilled, fresh produce, and bakery were up 9.2%; and sales of meat, fish, dairy, and frozen grew by 6.2%.
The impact of the Games were once again evident – sales of crisps and snacking nuts both jumped up 35%, dips were up 14%, quiche sales rose by 40%, and celebration cakes soared by 90%.
NamNews - Friday 10th August 2012
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