Olympics effect sees sales rise at John Lewis store

GOOD YEAR Knight & Lee in Southsea
GOOD YEAR Knight & Lee in Southsea
The former Jongleurs comedy club (pictured) later closed and began holding events in Tiger Tiger

Jongleurs chain of comedy clubs has gone into administration

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THE Olympics, Diamond Jubilee and the digital switchover combined to give Knight & Lee a five per cent boost in sales this year so far.

The John Lewis store, in Palmerston Road, Southsea, has ridden the bumper summer of events to post an improved outlook.

Branch manger John Smith said: ‘We’re really pleased. It was above our expectations.’

He said sales of TVs did well earlier this year due to the digital switchover in the south and the jubilee and Olympics played their part.

‘Because we were the official Olympics supplier, that drove more footfall to our branch,’ said Mr Smith.

He added: ‘We made some tactical changes in-store, such as opening up some more selling space on the ground floor.’

Overall, John Lewis posted a 60 per cent rise in profits for the first half of the year.

The employee-owned partnership, which also owns Waitrose supermarkets, credited online growth for an 8.6 per cent rise in revenues to £3.9bn and profits of £144.5m in the six months to July 28.