The Board of John Lewis of Hungerford plc provided trading update for the year ended August 31, 2016. For the year, based on unaudited management information, the Board expects to report sales of £8.2 million. The 5% increase over the £7.8 million reported in 2015 was achieved almost entirely in the second half. These sales figures are based on the company's statutory revenue recognition policy, which is to recognize revenue at the point orders are despatched.