British department store John Lewis increased its sales by 5.8% over the Christmas period as Britons did more than a third of their shopping online and grabbed bargains during Black Friday promotions in late November. Its revenue rose to $1.2 billion in the five weeks through December 27, representing growth of 4.8% versus the 2013 period at stores open at least a year.
The figures show the increasing importance of online business as more consumers order goods from their computers or smartphones, with growing numbers choosing to collect their goods from stores. John Lewis’s online sales jumped 19%, propelled by a four-fold surge in website visitors in the early hours of Black Friday on November 28, white its store revenue in the five weeks was level with the prior year.
John Lewis’ online revenue amounted to about 36% of total sales, up from 32% a year earlier. Of those web transactions, 56% were picked up at stores as more shoppers used click-and-collect services. According to the company, the standout feature driving a new shape of trade was our success on Black Friday. This yielded an early sales peak and impacted the shape of trade.
J Lindeberg was started by Johan Lindeberg in 1990s with the aimSeptember 2, 2022 | By RetailME Bureau
Majid Al Futtaim has made significant strides toward environmental, social, and corporateJuly 5, 2022 | By RetailME Bureau
Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon
UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness
Abu Dhabi-based supermarket chain Lulu Hypermarket is all set to open in
Plant-based meat brand Beyond Meat’s financial results for the third quarter of
UAE’s fresh produce brand Barakat has launched bio-degradable packaging across its entire
UAE-based agritech start-up Pure Harvest Smart Farms has signed a Memorandum of
Carrefour, owned and operated by Majid Al Futtaim – Retail in the
Grandiose Supermarket, part of Ghassan Aboud Group, has announced expansion plan in
The Valrhona journey began 100 years ago with a cocoa bean. Since
Deliveroo UAE has announced the expansion of its rapid grocery delivery service
The Ministry of Climate Change and Environment (MOCCAE) revealed that the UAE
Middle East’s online baby store Mumzworld expands operations to EZDubai, a fully
UAE-based family-owned conglomerate Al Khayyat Investments (AKI) is setting the stage for
Omnichannel eyewear retailer eyewa opened its 50th store in the GCC –
Majid Al Futtaim and First Abu Dhabi Bank (FAB) have joined hands
The dramatic rise in e-commerce has challenged the position of traditional retailers.
Following Lenskart’s $50 million (AED185 million) investment commitment into the Middle East
Inflation in the form of skyrocketing retailer costs and increased consumer prices
Amazon has opened a new office in Riyadh for its employees from
Brands that don’t leverage modern commerce platforms tend to witness a decline
Global platform for luxury fashion FARFETCH has enabled payment through cryptocurrency for
Retail conglomerate Apparel Group’s 6thStreet.com has launched an in-house sustainable clothing brand
Beauty and lifestyle omnichannel retailer Nykaa partners with Apparel Group to offer