News roundup—John Lewis, Christmas discounts, and more


  • November’s year-on-year online sales rose 11 percent, to
    £5.3 billion, according to the IMRG Capgemini e-Retail Sales
    Index. That’s a 25 percent increase from October’s web
    sales.

  • Nearly two-thirds of retailers are offering discounts or
    other promotions this holiday season, according to
    PricewaterhouseCoopers, with an average discount of 35 percent.
    As the Times notes, “That is only slightly
    below the record discounting last year, when 80 percent of
    retailers held pre-Christmas sales with an average 45 percent
    off”.

  • John Lewis managing director Andy Street
    explains to the Telegraph why the department store retailer
    decided, despite the recession, “that the best form of
    defence was attack and launched a range of new
    initiatives”, including expansion of its fashion range
    and online business.

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