Andy Street
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John Lewis: Black Friday a 'blessing in disguise'

John Lewis's managing director has warned that UK firms voice fears about the impact of heavy discounting on Black Friday, describing it as "a blessing in disguise".

The widely promoted sales day at the end of November brought the company its biggest trading week on record, with sales up 22% on last year.

However, Andy Street said the US-inspired phenomenon put retailer under "real, real pressure", which was "quite challenging".

  • 05 Jan 2015
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