John Lewis Partnership
This coverage delves into the John Lewis Partnership’s operations and strategy, encompassing both John Lewis and Waitrose brands. Reporting includes financial results, store openings and closures, leadership developments, employee ownership initiatives, and marketing campaigns. With a focus on the partnership’s evolving role in the UK retail sector, the insights support managers and executives tracking trends in department store and grocery retailing.
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Apr- 2023 -13 AprilHealth & Beauty
Holland and Barrett eyes move for Planet Organic
Health foods chain Holland and Barrett is reportedly weighing up a last minute rescue deal for Planet Organic, according to reports from Sky News. Reports suggest that Holland and Barrett, which already has a supplier relationship with the company, is one of a number of suitors who are interested in…
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3 AprilAnalysis
The current discourse surrounding John Lewis
Recent news of John Lewis’ plan to shake up its partnership model, which sees that staff are treated as shareholders, has received a number of very passionate responses. Andy Street, who was the John Lewis managing director from 2007 to 2016, went on record to say that, should the employee-owned…
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3 AprilDepartment Stores
John Lewis pension assets plunge £2.8bn
John Lewis Partnership saw the market value of its pension assets plunge by £2.8bn last year amid a set of poor financial results. As revealed in its recent annual results, the value of the fund fell from £7.23bn to £4.42bn, largely due to a fall in the value of liability-driven…
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Mar- 2023 -28 MarchSupermarkets
Supermarket sales up 8.6% as grocery inflation hits 17.5%
Take-home grocery sales increased 8.6% over the most recent 12 week-period as grocery price inflation reached record levels. According to the latest figures from Kantar, grocery price inflation reached 17.5%, adding £837 to the average household’s annual bill, with prices rising fastest in eggs, milk and cheese. Across the retailers,…
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23 MarchDepartment Stores
Ownership of business will ‘remain a constant’, says John Lewis chair
John Lewis chairwoman Sharon White has assured that employees’ ownership of the John Lewis Partnership will “remain a constant”, following reports that the group was considering selling a minority ownership stake. It comes as reports emerged earlier this week that the employee-owned group could dilute its 100% staff ownership structure…
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20 MarchDepartment Stores
John Lewis mulls end to 100% staff ownership structure
John Lewis is considering diluting its 100% staff ownership structure in a bid to raise investment after the business faced a year of heavy losses. According to The Sunday Times, chairwoman Dame Sharon White is reportedly in the early stages of exploring a proposal to change its partnership structure in…
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16 MarchDepartment Stores
John Lewis Partnership appoints new CEO
The John Lewis Partnership has announced the appointment of Nish Kankiwala as its new CEO. Kankiwala has been a non-executive director of the John Lewis Partnership since April 2021 and he is also the former CEO of Hovis and has held senior roles at Burger King and PepsiCo. He will…
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16 MarchDepartment Stores
John Lewis axes bonus as losses surge to £234m
John Lewis has seen losses plummet to £234m in its full-year results, down from a loss of £27m the prior year, with the group axing its staff bonus for a second time and warning of future job losses. It comes as the impact of inflation was “felt across the business”,…
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Feb- 2023 -28 FebruaryDepartment Stores
Pippa Wicks steps down as John Lewis director
Pippa Wicks, the executive director of John Lewis, has announced she is standing down from the group with immediate effect. She will be succeeded by Naomi Simcock, who is currently retail director of the brand, on an interim basis. Following Wicks’ departure, Simcock will lead the delivery of the 2023…
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2 FebruaryHigh Street
John Lewis customer director steps down amid role consolidation
John Lewis has announced it is consolidating its customer relations management, with Charlotte Lock taking on the newly created role combining its pan-partnership customer and capabilities teams. Lock takes over from Claire Pointon, who stepped down from the role of customer director. The John Lewis Partnership is bolstering its Customer…
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