John Lewis sees profits soar by 60%

John Lewis posted a 60% jump in profits today as Britain’s summer of special events helped the stores and grocery chain weather the economic downturn.

The employee-owned partnership, which has 37 John Lewis shops and 284 Waitrose supermarkets, also credited strong online growth for an 8.6% rise in revenues to £3.9 billion and profits of £144.5 million in the six months to July 28.