The group’s gross sales increased by 9.3% to £9.54bn when compared to the earlier fiscal while operating income increased 15%.

John Lewis Partnership Chairman Charlie Mayfield said the partnership has delivered strong growth for the year with growth in sales and profit climbing high above expectations.

"John Lewis gained market share for what is now the fourth consecutive year."

"We were encouraged by the acceleration in the rate of sales growth during the year, particularly in the final quarter.

"Although the market remains challenging, the Partnership has adapted quickly and successfully and we saw the benefits this year," Mayfield added.

The chain currently operates the Waitrose and John Lewis chains in the UK.

Waitrose’s revenue totaled £5.42bn for the year as gross sales increased 6.7% to £363.5m.

Like-for-like sales for the retailer rose 3.4% and operating profit climbed 12.2% to £292.3m.

During the same period, the John Lewis chain recorded a 13.5% rise in revenue to £3bn with gross sales climbing 13.5%.

John Lewis like-for-like sales were up 10.5% and online sales surged 40.8% to £959m.

The two brands opened a combined 23 new outlets in the year and created 3,800 new jobs.

John Lewis Partnership operates 39 John Lewis shops across the UK, comprising 30 department stores and nine John Lewis at home; as well as 255 Waitrose supermarkets, 35 Waitrose convenience stores and