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John Lewis to expand retail footprint as Christmas sales surge

RBR Staff Writer Published 03 January 2014

John Lewis, an operator of a chain of upmarket department stores, has outlined plans to open 25 stores by 2013, amid surge in sales during Christmas trading period.

John Lewis reported 7.2% sales jump to £734m. In the five weeks to 28 December, the chain's like-for-like sales increased by 6.9%. Shop sales rose 1.2% while online sales surged 22.6% year-on-year.

John Lewis managing director Andy Street said company's growth of 7.2% is broad based and expected to have outperformed the market.

"It bodes well for trade in 2014," Street added.

John Lewis plans to operate 65 stores by 2023, up from 40 shops at present, according to The Telegraph.

Further, he also wants to open the retailer's first overseas store and plans to launch a French website.

"This Christmas has seen trade take a different shape to previous years, with an early peak driven by Black Friday and a huge surge in the final 10 days," said Street.