In the past Lewis was focused on credit retailing, with close to 69% of its sales of merchandise skewed towards credit sales in 2015.

Since it acquired UFO in 2018, which targets a wealthier client base, the credit sales mix has decreased to 56.9% of merchandise sales...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now