
John Lewis, the country's biggest department store chain, reported lower weekly sales on Friday, adding to evidence consumer spending has softened again.
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John Lewis, the country's biggest department store chain, reported lower weekly sales on Friday, adding to evidence consumer spending has softened again.
Britain's biggest department store chain John Lewis said revenue fell last week even though fashion sales got a boost from shoppers trying to copy the look of Royal Wedding highlight Pippa Middleton.
British retail sales surged at their fastest annual pace in five years and house prices fell more slowly in April, surveys showed, although the timing of Easter flattered the shop figures and the outlook is gloomy.
Euro zone retail sales fell sharply in March, data showed on Wednesday, indicating that rising food and energy prices were curbing household demand and that economic recovery was still mainly industry-driven.
Retail sales in Britain dropped 0.8 percent in February from January, when they had recorded a strong rise, official data showed on Thursday.
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Sales at British retailer John Lewis were sharply higher last week following five consecutive weeks of subdued sales, boosted by the later falling of half term school holidays in England this year.
U.S. consumer confidence hit a three-year high in February, suggesting the economy remained on a solid footing despite soaring gasoline prices.
British retailer John Lewis posted a fourth consecutive week of lacklustre sales, adding to evidence consumers are cutting back on spending in the face of macro economic headwinds.
British department store chain John Lewis suffered a decline in sales last week, adding to evidence that an increase in VAT sales tax has further weakened already fragile UK consumer spending.