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

Waitrose outpaced John Lewis in the year to 31 January, generating £256m in adjusted operating profit, more than four times the £58m delivered by the department store arm, according to Retail Gazette.

The grocery business is the partnership's financial powerhouse. The department store arm is battling tougher trading conditions. Waitrose is pressing ahead with an £800m transformation programme.