Catherine Boyle
Win 100 iconic DVDs
Many Britons appear to be handling the prospect of recession and the economic downturn by staying at home to eat ready-made meals washed down with New World wines from upmarket stores, venturing out to shop only for cut-price goods.
Sales at John Lewis and Waitrose, the high street stalwarts of Middle England, rose last week as bargain-hunters went to summer sales and purchased more instant meals rather than going out to eat in restaurants.
At Waitrose, the supermarket chain that is part of the privately owned John Lewis Partnership, there was evidence that more Britons attempted to save money by eating in, driving sales up by 1.2 per cent since last year.
The company said: “The trend for home entertaining was strongly evident, with unit sales of the ‘As Good as Going Out' range up by 38 per cent on last year.”
Waitrose shoppers also appeared to be stocking up on wines on special offer and ready-made desserts. Pre-packed cake sales rose by 24 per cent year-on-year, while revenue on South African wines rose 132 per cent and New Zealand wine by 40 per cent.
John Lewis, the department store chain, had a 5.9 per cent increase in revenue from last year in the week ended July 12, helping partnership sales to rise from £127 million to £130.7 million for the week.
This turnaround in sales - only the second time in ten weeks that revenue has risen - was largely driven by sales of women's fashion, which rose by 16 per cent as cost-conscious women tried to take advantage of the clearance sales.
Sales of electrical and technology goods at John Lewis, which have been badly hit in recent months as budgets tighten and fewer people move house, were up by 3.8 per cent after prices on television sets were cut.
Articles from our sister site WSJ.com:
You may be asked to subscribe to read certain articles
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
36-month car lease
on contract hire for
£359.99 plus VAT pm
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
The UK's leading alternative to showroom finance.
Finance packages tailored to your needs.
Minimum loan of £15,000
Car Insurance
c£100,000 + car, bonus & bens
Lord Search & Selection
Midlands
Competitive salary + NHS pens
The Council for Healthcare Regulatory Excellence (CHRE)
London
Not Specified
The Sheppard Trust
London
£31,842 – £38,378pa
Charity Commision
London, Liverpool or Taunton
Moments from Battersea Park.
For sale with Winkworth.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.