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Thursday, 16 September 2010 |
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 John Lewis profits jump as online sales grow strongly and the store saw particularly strong growth in its online operations. Pre-tax profits at John Lewis have jumped 28%, with the retailer's Waitrose supermarket and online operations reporting
strong growth. In the six months to 31 July, John Lewis made profits of £110.5m on sales which rose 12.4% to £3.8bn.
 Charlie Mayfield, chairman of the John Lewis Partnership, said the half-year performance was strong and the company "traded well ahead of expectations".
But he also warned of "economic headwinds" for the retail sector as a whole, as tax hikes and public spending cuts hit shoppers' spending power.
He said he was particularly pleased by growth in the company's online operations.
The 146-year-old John Lewis group, owned by its 70,000 staff, created a net 1,900 new jobs during the six months.
Image: John Lewis magazine
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