Home / Knowledge / News / Apparel/Garments / John Lewis Partnership sales up 9.3% in FY'13
John Lewis Partnership sales up 9.3% in FY'13
07
Mar '13
John Lewis Partnership plc results for the year ended 26 January, 2013.
 
Financial Highlights
 The John Lewis Partnership
-Gross sales of £9.54bn, up £811.8m, 9.3%
-Revenue of £8.47bn, up £706.9m, 9.1%
-Group operating profit of £452.4m up £59.1m, 15.0%
-Profit before Partnership bonus and tax of £409.6m, up £55.8m, 15.8%
-Partnership Bonus of £210.8m; 17% of salary (equal to nearly 9 weeks' pay)
-Net debt of £371.9m, down £205.4m (35.6%)
 
Waitrose
-Gross sales of £5.76bn, up £363.5m, 6.7%
-Like-for-like sales (excluding petrol) up 3.4%
-Revenue of £5.42bn, up £343.8m, 6.8%
-Operating profit of £292.3m, up £31.7m, 12.2%
 
John Lewis
-Gross sales of £3.78bn, up £448.3m, 13.5%
-Like-for-like sales up 10.5%
-Revenue of £3.05bn, up £363.1m, 13.5%
-johnlewis.com gross sales of £959m, up £278m, 40.8%
-Operating profit of £216.7m, up £58.8m, 37.2%
 
Charlie Mayfield, Chairman of John Lewis Partnership, commented:
'This has been a good year for the Partnership with growth in sales and profit above our expectations. Both Waitrose and John Lewis gained market share for what is now the fourth consecutive year. As a result I am delighted that 84,700 Partners will receive a bonus of 17%, equivalent to nearly 9 weeks' pay.
 
We were encouraged by the acceleration in the rate of sales growth during the year, particularly in the final quarter. Although the market remains challenging, the Partnership has adapted quickly and successfully and we saw the benefits this year. We have stepped up innovation in new products; there's been a continuing focus on value and sustained and rapid growth online. This resulted in over 1.5 million more customers choosing to shop with Waitrose or John Lewis than last year.
 
We see this as a time of significant opportunity in a changing market. Behind the scenes, therefore, there's a quiet revolution underway in our supply chain, IT and support functions. Our investment in these areas is up substantially and that commitment continues into 2013. In recent years, the Partnership has consciously invested to have the right skills, systems and organisational structures to be able to offer customers what they want in a fast-changing market.'
 
 

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search