Essential reading for retailers and suppliers in the home improvement market

JLP drives annual sales over £10bn

Published: 6 March 2014
Partners at John Lewis Partnership (JLP) will each get a bonus worth 15% of their salary, the retailer said today, as it announced that it had achieved annual sales of over £10bn for the first time.
JLP drives annual sales over £10bn
In the year to January 25 2014, the John Lewis department stores and Waitrose supermarket business drove sales up 6.6% to £10.2bn. At John Lewis, sales rose 7.5% to £4.1bn, while at Waitrose they were up 6.0% to £6.1bn. Like-for-like sales rose 6.4% and 5.1% respectively.

Operating profit was up 4.3% at John Lewis, to £226.1m, and 6.1% at Waitrose, to £310.1m. Profit before Partnership bonus, tax and an exceptional item was up by 9.6%, but fell 4.1% to £329.1m after the exceptional item, which concerns pension liabilities and holiday payments.

JLP said omni-channel capability and innovation had been key to success at John Lewis, delivering growth in both shops and online, with shops significantly outperforming the high street and sales at up 19.2% to £1.1bn.

Click-and-collect grew especially strongly, up 57%, boosted by the added convenience to shoppers of being able to pick up from Waitrose. Mobile also grew rapidly during the year, with visits from phones and tablets now accounting for 50% of traffic to

In 2013 a John Lewis at Home shop opened in Ashford, Kent, and this year will see the launch of a full-line flexible format shop in York, and the retailer's smallest shop to date at Heathrow's Terminal 2. Future openings are also planned for Birmingham, Leeds, Westfield White City, Oxford, Chelmsford, Horsham and Basingstoke.

Meanwhile, JLP said the current year had also started well, with John Lewis stores' gross sales 5.7% higher than last year.

"There are more encouraging signs for the economy as a whole," commented JLP chairman Charlie Mayfield, "and, although this has not yet come through as a significant increase in consumer spending, I'm cautiously optimistic that we will see improvements this year."


(Your email address will not be published)
5 + 8 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories