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Record Profits for John Lewis

The John Lewis retail group today announced record profits of £319m in the year to January 2007, with the the group's internet and catalogue operation, seeing an increase in sales of 64pc, up from £72m to £185m. The group's performance was described by chairman Sir Stuart Hampson as "simply stunning."

The John Lewis department store business enjoyed a sales increase of 11pc to £2.7bn, while sales at Waitrose topped £3.7bn. John Lewis group sales increased by 11pc to £6.4bn.

The company, which is an employee-owned partnership, also announced a 29pc increase in its bonus payment, which will not only see its partners receive an increased bonus, but also staff working on the shop floor, who will typically receive over £2,000 each.

Sir Stuart said both divisions (internet and catalogue / department stores) had each made an encouraging start to the new trading year, with sales at John Lewis increasing by 7pc in the past five weeks, and Waitrose like-for-like sales up by 4pc.

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John Lewis & Partners Department Store Information


John Lewis & Partners Department Store: Discover a whole new shopping experience and visit John Lewis & Partners department stores without even leaving home. You`ll find the same quality and value as in-store - plus all the convenience of having your shopping delivered direct to your door. You can browse through a wide range of home and gift products at your leisure, check whether an item is in stock, and order right away.

Official Website: http://www.johnlewis.com

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