THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
John Lewis profits surge

John Lewis has experienced double-digit growth in the year to 29th January 2011. Sales were ahead of expectations, rising 11.9 percent to £3.23 billion. Online, the… View Article

GENERAL MERCHANDISE NEWS

John Lewis profits surge

John Lewis has experienced double-digit growth in the year to 29th January 2011.

Sales were ahead of expectations, rising 11.9 percent to £3.23 billion. Online, the John Lewis website recorded a 37.9 percent jump in sales to £538.2 million. Operating profit was up by 22 percent to £201.2 million.

Overall, the John Lewis Partnership, which also includes Waitrose, saw group sales rise 10.6 percent to £8.21 billion and group operating profit climb 10.6 percent to £431 million.

Charlie Mayfield, Chairman of John Lewis Partnership, commented: “The Partnership has achieved market-beating sales growth and a healthy increase in profits.It’s the result of our 76,500 Partners’ determination to give customers the best possible shopping experience. We have renewed our commitment in both Waitrose and John Lewis to improving the value we offer to customers and broader ranges and innovative marketing have attracted more customers and boosted our market share.”

Subscribe For Retail News