John Lewis Partnership half year profits up
The John Lewis Partnership has reported pre-tax profit up 28 per cent to £110.5m for the half year ending July 31, with strong growth in its John Lewis department stores and grocer Waitrose.
John Lewis reported operating profit up 76.8% to £35.9m, while Waitrose reported operating profit up 6.2% to £127.8m. John Lewis’ gross sales were up 14.5% to £1.4bn, and like-for-like sales were up 12.3%. Waitrose reported gross sales up 11.3% to £2.4bn, and like-for-likes were up 3.9%. Growth in johnlewis.com was up 36.1% and its ‘Never Knowingly Undersold’ proposition has been added to johnlewis.com…for full story at Retail Week subscription site CLICK HERE
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