The John Lewis Partnership of the UK recently announced unaudited half-year results until 25 July 2020. The tone of the announcement was upbeat with a profit figure (loss) equivalent to last year, total trading sales up 1%, a healthy liquidity and a reduction in debt.

However, while Waitrose supermarket sales were up almost 10%, partly due to an impressive online growth to around £ 1 bn on an annualised basis, the results at the department stores were more difficult. Overall sales were down almost 10% in spite of online growth of 73%.

The group is currently undergoing major realignment with a new Board and Chairman.

See press release, presentation slides and audio recording below

press release

Presentation

audit