John Lewis gets an Olympic boost to profits

John Lewis has posted a 59.8 per cent rise in pre-tax profits as Queen's Jubilee and Olympics boost sales.

13th September, 2012

John Lewis has posted a 59.8 per cent rise in pre-tax profits to £144.5 million.

The British retailers said that revenue had risen 8.6 per cent to £3.9 billion on gross sales of £4.4 billion, up 8.7 per cent.

The company’s two main arms, the Waitrose grocery chain and the John Lewis department store both increased their market shares. The company said that it had benefited from the more favourable conditions created by a number of one-off events,...

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