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John Lewis Partnership plc Interim Report 2009


Corporate Social Responsibility

Being a responsible business is core to our DNA and sustainability is at the heart of our business agenda.

Our Corporate Social Responsibility framework is built around reducing our environmental impact and promoting good environmental practice; dealing fairly with our suppliers and selling responsibly sourced, quality products; making a positive contribution to the communities where we do business; and providing worthwhile and satisfying employment in a successful business.

2009/10 outlook

The second half has started well for the Partnership. After six weeks, Partnership sales are up 6.2% on last year. Waitrose sales increased by 11.3% and John Lewis sales are 1.3% lower.

However, we expect trading conditions for the remainder of 2009, and into 2010, to continue to be difficult.

We will maintain the momentum in our plans and the ambitious pace of change. In the second half of the year we expect to invest a further £189.0m (first half £278.2m) in strengthening the business and creating a platform for growth. We remain committed to offering outstanding service and competitive pricing, and will continue to invest in existing and new shops and formats, develop our multi-channel offer and improve the efficiency of our business.

Charlie Mayfield

Chairman

16 September 2009

Where this interim report contains forward-looking statements, these are made by the directors in good faith based on the information available to them up to the time of their approval of this report. These statements should be treated with caution due to the inherent uncertainties underlying any such forward-looking information.