John Lewis says this year's Black Friday to exceed 2014
By James Davey
LONDON (Reuters) - John Lewis [JLP.UL] [JLPLC.UL], Britain's largest department store group by sales, has predicted this year's Black Friday promotional event will be even bigger than 2014's, having said in January it might rein-in its participation.
Last year's Black Friday delivered John Lewis' most lucrative week in its 150-year-history. However, the employee-owned firm's managing director, Andy Street, said the late November discounting day imported from the United States disrupted traditional Christmas trading patterns and may have to be tempered in 2015.
Street told reporters on Tuesday John Lewis' "never knowingly undersold" (NKU) price-matching pledge meant its participation in the Nov. 27 Black Friday event would exceed 2014's.
"We cannot stand aside, we will not blink over that NKU commitment," he said.
Street said John Lewis had recruited 2,000 extra staff to deal with deliveries and invested "tens of millions of pounds" in capacity to ensure Black Friday orders are honored.
He said there was now a new shape to Christmas trade, with three peaks - Black Friday, the Christmas peak and the post Christmas Eve clearance sale.
"Black Friday has turned into our biggest week by a mile and it will be bigger again this year," he said.
Earlier on Tuesday supermarket Asda, the British arm of Wal-Mart (WMT.N: Quote), said it would not participate in this year's Black Friday, a year after brawls at one of its stores characterized the arrival of the U.S. import to Britain Continued...