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UK retailers John Lewis, M&S expect online sales to cross 500 mn each news
23 November 2010

UK retailer John Lewis says it expected its online sales to smash through the 500-million barrier this year, as it delivered another stellar weekly performance in its department stores, while rival Marks & Spencer is expected to beat the same online target in 2010-11.

Christmas kidswear at John and lewisJohn Lewis  reported internet revenues of 389.5 million in the year to 30 January with its online sales - up more than 40 per cent as of date in 2010, while rival Marks & Spencer is expected to beat the same online target in 2010-11.

Analysts say the confidence of the two retailer that it would surpass the 500-million mark each in web sales this year is significant as that means John Lewis and M&S alone would deliver more than 1 billion worth of online revenues this year.

They say the development shows the huge structural migration of retail sales from the high street to online.

They add that a powerful driver behind John Lewis' growth spurt is the launch of fashion online in September 2009. The company's web site now offers upwards of 300 brands, including Diesel, Aquascutum, Mulberry, G-Star and Radley.

According to Jonathon Brown, the head of online at John Lewis, fashion would play a significant role in getting more than 500 million this year.





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UK retailers John Lewis, M&S expect online sales to cross 500 mn each