Share Prices & Company Research

Market News

07 May 2019 | 08:44

John Lewis of Hungerford expects sales in H2 to fall short of expectations amid retail, Brexit woes

Retailer John Lewis of Hungerford said sales in the second half of the year would fall short of management's expectations following a slowdown in converting deposits to full orders amid Brexit uncertainty and ongoing weakness in retail. Sales for the second half were expected to be approximately 10% ahead of the prior year, but lower than management expectations by approximately £0.4m, the company said.

'We remain confident that the business continues to trade positively with deposits taken tracking ahead of those taken in the same period in the prior year. However, we have experienced a slow-down in converting deposits taken into full orders,' the company said. 'We believe this is primarily due to the prevailing market conditions impacting customer confidence, which remain affected by uncertainty due to Brexit and the retail climate generally.'

At 8:44am: (LON:JLH) John Lewis of Hungerford PLC share price was -0.08p at 0.58p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.