Sales at John Lewis department stores fell 14 per cent last week, the retailer has confirmed. However, John Lewis head of selling development Barry Matheson insisted the chain is in good shape for Christmas.
Retailers' focus is clearly on Christmas and if this week's Sales are anything to go by, stores are already worried that trade will be tough. So why do retailers have to convince the Government to revalue massive hikes to business rates for next year and 2010?
Tesco boss Sir Terry Leahy believes retailers have a vital role to play in regenerating areas – even in the downturn. He shows Jennifer Creevy how his native Liverpool has benefited.