John Lewis sales rebound as it cuts clothing prices

Chain bucks retail gloom after profit warnings at Asos, Bonmarché and SuperdryJohn Lewis has bucked the trend for gloomy retail trading updates, reporting a sales rebound last week after discounted clothing lured shoppers back into stores.The department store group, which is owned by staff, said fashion and beauty sales rose 9.3% in the week to 15 December compared with the same period last year. Continue reading...