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Waitrose Sales Up 24.5% Yo Y, J L Up 7.3%

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http://uk.finance.yahoo.com/news/Waitrose-sales-soar-Britons-reuters_molt-3873060450.html?x=0

Waitrose sales soar as Britons barbecue
tweet0Print..Topics:Board & Management Changes.8:20, Friday 15 April 2011
LONDON (
Reuters
) - Sales at John Lewis' Waitrose supermarket chain soared last week as the sunny weekend weather prompted Britons to dust off their barbecues from winter storage. The employee-owned retailer said Waitrose's sales increased 24.5 percent year-on-year to 99.6 million pounds in the week to April 9.
"Even taking into account the favourable impact of the timing of Easter, a very strong performance," said retail director Tony Solomons.
He said sales of the barbecue range of products jumped 566 percent week-on-week, while sales of children's ice lollies were up 125 percent.
Sales at John Lewis' department stores increased 7.3 percent to 52.3 million pounds

Rich must not be affected by austerity, "inflation" or much else it seems. Boom times numbers.

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i shop at both those stores and i'm not rich

John Lewis is worth it as it gives longer guarantees on the products it sells than other stores, plus when something does go wrong they actually try and help you - a concept lost on a lot of traders

Waitrose is a bit pricey, but you can buy the offers and it's usually better to buy a smaller amount of decent stuff than a bigger amount of crap, especially if you end up chucking half of it out again at the end of the week.

Edited by noodle doodle

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http://uk.finance.yahoo.com/news/Waitrose-sales-soar-Britons-reuters_molt-3873060450.html?x=0

Waitrose sales soar as Britons barbecue
tweet0Print..Topics:Board & Management Changes.8:20, Friday 15 April 2011
LONDON (
Reuters
) - Sales at John Lewis' Waitrose supermarket chain soared last week as the sunny weekend weather prompted Britons to dust off their barbecues from winter storage. The employee-owned retailer said Waitrose's sales increased 24.5 percent year-on-year to 99.6 million pounds in the week to April 9.
"Even taking into account the favourable impact of the timing of Easter, a very strong performance," said retail director Tony Solomons.
He said sales of the barbecue range of products jumped 566 percent week-on-week, while sales of children's ice lollies were up 125 percent.
Sales at John Lewis' department stores increased 7.3 percent to 52.3 million pounds

Rich must not be affected by austerity, "inflation" or much else it seems. Boom times numbers.

JL has been doing OK all year. The VISA numbers showed that retail was ticking over nicely and only certain sectors in decline. I wonder if BRC is up 3%+ in April if we will hear anything about it?

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Employee owned.. It said last year the profit bonus the employees got was equal to 15% of their gross earnings.

The John Lewis Partnership has a very extensive programme of social activities for its partners, including two large country estates with parklands, playing fields and tennis courts; a golf club; a sailing club with five cruising yachts and two country hotels offering holiday accommodation for the partners. Partners are also enrolled in a very favourable pension scheme, receive a death in service insurance, and are given very generous holidays. In addition to this, upon completing 25 years of service for the company, partners are given a paid 6 month break.

Instead of capitalism or socialism.. maybe we need more employee owned firms?

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Sales at John Lewis' Waitrose supermarket chain soared last week as the sunny weekend weather prompted Britons to dust off their barbecues from winter storage. The employee-owned retailer said Waitrose's sales increased 24.5 percent year-on-year to 99.6 million pounds in the week to April 9.

So... sales were up compared to the same week one year ago, because of very unseasonal weather. This is news? :huh:

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Employee owned.. It said last year the profit bonus the employees got was equal to 15% of their gross earnings.

Instead of capitalism or socialism.. maybe we need more employee owned firms?

well, until the owners decide that they don't want some particular employees to own the firm... they sold off a textile firm in carlisle a few years ago against the wishes of the workers, and it was promptly ran down and workers laid off (with much poorer redundancy packages than they'd have got at JL) by the new owners. Not exactly the co-operative utopia.

http://www.thisismoney.co.uk/news/article.html?in_article_id=482443&in_page_id=2

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I hate Waitrose. I used to live in a town where it was the only supermarket. It's full of 'because it's worth' enhanced marketing products that are really not any better than those you can get elsewhere for half the price. Lot's of processed food dressed up as gourmet for people who really want to kid themselves you can eat well out of a packet.

Totally overpriced rip-off shed.

Edited by izzy

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good. The more people waste their money and get used to buying premium products the more they will suffer / feel like they are suffering when interest rates rise and/or they lose their jobs. Even supposed good news has a happy dark side for me now :D

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well, until the owners decide that they don't want some particular employees to own the firm... they sold off a textile firm in carlisle a few years ago against the wishes of the workers, and it was promptly ran down and workers laid off (with much poorer redundancy packages than they'd have got at JL) by the new owners. Not exactly the co-operative utopia.

http://www.thisismoney.co.uk/news/article.html?in_article_id=482443&in_page_id=2

Those partners at the textile firm got kicked out and treated like the rest of British employees. Laid off with the legal minimum redundancy package, and probably the capital equipment sold to China.

Some back of the envelope calculations.. if the JL partnership is worth say £8 billon(1xsales), and there is 69,000 employees.. that means the average equity is £115,000 pounds.

Of course governance is the big issue with co-operatives, as with democracies or honestly with publicly traded stock corporations. Privately owned by an individual companies don't have governane issues because the guy in charge is also the guy who gets the rewards if they are successful.

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good. The more people waste their money and get used to buying premium products the more they will suffer / feel like they are suffering when interest rates rise and/or they lose their jobs. Even supposed good news has a happy dark side for me now :D

Every silver lining has a dark cloud?

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i shop at both those stores and i'm not rich

John Lewis is worth it as it gives longer guarantees on the products it sells than other stores, plus when something does go wrong they actually try and help you - a concept lost on a lot of traders

Waitrose is a bit pricey, but you can buy the offers and it's usually better to buy a smaller amount of decent stuff than a bigger amount of crap, especially if you end up chucking half of it out again at the end of the week.

+1.

They way some people go on about John Lewis, you'd think they were talking about Fortnum and Mason.

JL actually have a clue about the things they're selling, whether you're talking curtain rails or TVs. Which is more than you can say for many retailers. The extra guarantee + after-sales service are 2 reasons we tend to buy electricals there.

My daughter wanted to buy a laptop which was on special offer from JL. Her nearest branch had run out - they went to no end of trouble to get one for her - involved a staff member fetching one from another store miles away and delivering it. All at no extra charge, and the laptop was a v good price to start with.

Their after-sales computer helpline was also very good.

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Employee owned.. It said last year the profit bonus the employees got was equal to 15% of their gross earnings.

Instead of capitalism or socialism.. maybe we need more employee owned firms?

Employee owned and customer owned businesses are generally great.

I am not sure that they and capitalism as mutually exclusive.

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So... sales were up compared to the same week one year ago, because of very unseasonal weather. This is news? :huh:

Have to agree.

Just an anecdote, but the Waitrose near me seems to have been really slow this year (looks like the only people who can afford to shop there these days are pensioners), but the place was mobbed last week. Given that there was snow on the ground just over a year ago and that it was 20 degrees last weekend, not suprising that barbecue items would be selling a lot better this year.

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Waitrose have a reputation for being expensive, and some of their stuff is, but branded things are much cheaper than the Co-op which is my alternative.

essential Waitrose range (own label stuff) is excellent value and compares favourably to other supermarkets on both quality AND price.

John Lewis is one of the few retailers we can be proud of. Good luck to them and their staff.

Edited by Constable

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Employee owned.. It said last year the profit bonus the employees got was equal to 15% of their gross earnings.

If only banking bonuses were more reasonable, AND connected with actual performance! :blink::huh::huh:

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<br />I blame surging home grown consumer demand fed by abnormally low interest rates.<br />

Besides the 'John' and 'Rose' Fla-gg-ing by Mason RB

March 2009

Waitrose brings out 'budget range' for recession-hit middle classes

Waitrose is to bring out a budget range of food to win over recession-hit middle class shoppers that have started to desert the supermarket.

Next week it will launch its 'essential Waitrose' range in an attempt to win over customers that have abandoned the chain in droves favouring cheaper outlets such as Asda or even Lidl and Aldi.

The thought of it.

Mercs and Bmws were seen in those carparks for years before that.

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      • down 5% +
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      • up 5%



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