Exchange Rate
This coverage examines the impact of exchange rate fluctuations on the UK retail sector. Stay informed on how changes in currency values influence import costs, product pricing, and consumer purchasing power. Tailored for retail professionals, our reporting provides insights into how exchange rate movements affect pricing strategies, supply chains, and retail operations, especially for businesses with international dealings.
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Mar- 2018 -8 MarchDepartment Stores
Owner of John Lewis and Waitrose reports 77% drop in annual profits
The John Lewis Partnership has announced a 77% drop in annual profits and has cut the annual bonus given to staff. Pre-tax profit for the year to 27 January fell to £103.9m while the employee-owned partnership’s bonus scheme fell to 5% of salary – down from 6% for 2017/18 and…
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Jan- 2018 -11 JanuaryDepartment Stores
John Lewis issues profit warning despite ‘most successful trading day ever’
The John Lewis Partnership has reported an increase in sales for the six-week period ending December 30, but a competitive Christmas season characterised by heavy discounting across the retail industry will hit profits, it said today. Group sales were (which include John Lewis and Waitrose) were up 2.5% year-on-year, totalling…
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