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Discounting leads to record results for John Lewis

John Lewis recorded the “highest ever” weekly sterling take in the first half of the year as a result of summer sales.

The 7.2% increase on last year, to £81.59m, came through a combination of “clearance markdowns and full price trade”.

Fashion benefitted from the start of the summer discounting and was up 7.4% from last year.

Women’s accessories was the leading performer with a 17.8% increase in handbags.

Own brand assortments across menswear and womenswear delivered strong sales on clearance, with a total year-on-year gain of 12.1% on reduced lines.

Online sales at johnlewis.com were up 20.7% with click and collect orders up 46% year on year.

Five branches delivered double-digit increases in the first days of clearance.

Stratford was at the top with an 18% rise, followed by Norwich, Tamworth, Leicester and Milton Keynes.

Milton Keyes was the strongest performing branch across the week as a whole, up 14.2%, with Tunbridge Wells up 12.7%.

However sales at Newcastle fell 8.3%, while High Wycombe dropped 7.9%.

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