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Bellwether John Lewis See 4Th Week Of Lacklustre Sales

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John Lewis sales stall on shopper worries
8:27, Friday 18 February 2011
LONDON (Reuters) - 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.
The employee-owned group, which has been outperforming the broader retail sector for over a year, said on Friday sales at its department stores increased 1.4 percent to 49.8 million pounds in the week to February 12.
That follows a rise of 1.2 percent in the previous week and declines in the last two weeks of January.

UK Plc has not yet felt any impact from the cuts. May have to wait until the 3rd Q to actually see any signs of austerity?

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