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John Lewis Partnership - the year in figures

Sales at the John Lewis Partnership for the 52 weeks ended 25 January 2014 exceeded £10 billion – a jump of 6.6% year on year – with Waitrose bringing in £6.1 billion and John Lewis generating £4 billion. All staff picked up a 15% bonus, which is the equivalent of around eight weeks' pay.

John Lewis chairman Charlie Mayfield called it "another good year" for the retailer and cited continued innovation in product and service, and an improved omnichannel offering, as key reasons behind the company's growth.

Essential Retail has picked out some of the key points from Thursday's results announcement, which reflect the business's multichannel development over the last 12 months.

Waitrose

John Lewis

New financial year

Thursday's statement showed that gross sales for the partnership in the current financial year are up 5.3% compared to 2013, with Waitrose up 3.7% and John Lewis up 5.3% on a like-for-like basis.

Profit for 2013/14 before the staff bonus and tax were taken into account was £329.1 million. This represented a reduction of £14.2 million on the previous year, with the decline wholly attributable to an exceptional item following a holiday payment review.

Excluding this, profit for the partnership was £376.4 million, which was an increase of £33.1 million year on year.

 

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