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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Mar- 2020 -23 MarchDepartment Stores
John Lewis stores to close for first time in 155 years
John Lewis Partnership has announced the temporary closure of all John Lewis stores in light of the coronavirus pandemic. All 50 sites will cease trading today (Monday 23 March), after the “difficult decision” was confirmed by its board. It marks the first time in the group’s 155-year history that its…
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5 MarchHigh Street
John Lewis profits plummet 23% in full-year results
The John Lewis Partnership saw profits plummet by 23% to £123m for the year ended 25 January 2020, resulting in the lowest staff bonus seen in 67 years at only 2%. The group said the performance was “weaker” than it had hoped for, driven by “significantly reduced profitability” in John…
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4 MarchElectrical
Dixons Carphone appoints two new members to its executive team
Dixons Carphone has strengthened its executive team by appointing a former John Lewis Partnership exec to the role of CCO while also adding a new COO. Ed Connolly has taken up the role of chief commercial officer after previously holding a number of roles across commercial and strategy at the…
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Feb- 2020 -10 FebruaryAnalysis
Ocado ditches Waitrose; Bill gates orders £500m beast-yacht; Boris to lower immigration wage threshold
A busy start to the week in the business pages. As the coronavirus story unfolds I am reluctant to spend every day providing updates on it, but it is worth noting quickly that there is likely to be some worldwide economic turbulence due to the latest developments. A slew of…
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5 FebruaryDepartment Stores
John Lewis appoints new executive director
John Lewis has announced the appointment of Nina Bhatia as executive director, strategy and commercial development. Bhatia will commence her role on 17 February, and report to the company’s chairman, Dame Sharon White, as a member of the new executive team. She will move from her role as managing director…
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Jan- 2020 -9 JanuaryAnalysis
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too…
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9 JanuaryDepartment Stores
John Lewis boss steps down amid poor Christmas sales
John Lewis Partnership has announced its managing director, Paula Nickolds, will step down amid “weak” sales over the Christmas period. Nickolds has worked at the company for 25 years, and will step down from the board in February. The group said she had “played a central role” in a variety…
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Nov- 2019 -18 NovemberDepartment Stores
John Lewis and Waitrose to launch first ever concept store
John Lewis and Waitrose have announced the launch of a new ‘concept’ store, set to open in Southampton later this week. The John Lewis Partnership said the store hopes to create “experience playgrounds” for customers, with greater focus on increasing hands-on experiences whilst shopping. The store will incorporate multiple new…
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11 NovemberComment
What implications will the Royal Mail strike have on UK retailers?
Royal Mail workers have voted to strike over job insecurity and employment terms and conditions, raising concerns that there could be walkouts in the run-up to Christmas. The announcement comes as we approach the retail industry’s crucial Q4 period where Black Friday, Cyber Monday and Boxing Day sales all take…
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Oct- 2019 -25 OctoberTechnology
Robots could take half a million UK retail jobs within the next five years
UK retail is set to lose over half a million jobs to robots, according to the 2019 Harvey Nash/KPMG CIO Survey. According to the study, the move towards automating the retail sector is being “driven from the top”, with almost half (44%) of IT leaders reporting that using automation to…
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