Waitrose outpaces John Lewis as it pushes ahead with £800m overhaul

John Lewis turnaround efforts lag behind Waitrose recovery

Waitrose to benefit from £1bn investment plan as John Lewis receives £800m injection

Waitrose outpaces John Lewis as it pushes ahead with £800m overhaul

Waitrose is the financial powerhouse of the John Lewis Partnership, as its department store sister battles tougher trading conditions and presses ahead with an £800m transformation programme. The grocery arm of the company generated £256m in adjusted operating profit in the year to 31 January, more than four times the £58m delivered by John Lewis, despite both businesses growing sales. Waitrose sales jumped seven per cent to £8.5bn during the pe…