John Lewis
This coverage explores John Lewis’s strategy, operations, and performance within the UK retail sector. Reporting includes store and online developments, product innovation, marketing campaigns, financial results, leadership decisions, and employee-owned business dynamics. With a focus on commercial impact and competitive strategy, it provides insights for professionals managing department stores, multi-channel retail, and premium consumer brands.
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Mar- 2024 -20 MarchFeatures
Four things we learned from the John Lewis’ latest results
John Lewis held a partnership call with shareholders and members of the press after it revealed it returned to profit for the first time in four years posting a pre-tax profit of £42m before exceptional items for the year ended 27 January 2024. This success came off the back of…
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15 MarchNews
Today’s news in brief-15/3/24
After 14 years of service, Iain McDonald, a non-executive director at THG, has announced his intention to step down from his position. McDonald has been instrumental in guiding THG’s growth and evolution into a global leader across Beauty, Nutrition, and Technology sectors. The board, upon his departure, will consist of…
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15 MarchPeople Moves
Next Beauty CEO Amanda Scott resigns
Amanda Scott, Next Beauty’s chief executive has departed from her role, according to the Retail Week. For around five years Scott headed Next Beauty and led the brand’s first venture into the world of premium beauty. According to Retail Week, Scott has resigned and taken on advisory roles with other…
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14 MarchNews
Today’s news in brief-14/3/24
John Lewis announced a pre-tax profit of £42m, a significant turnaround from the previous year’s loss of £78m. Despite this, the company will not pay staff bonuses for the third time in four years, citing a focus on base salary over bonuses. Sales rose by 1%, reaching £12.4bn, with Waitrose…
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14 MarchDepartment Stores
John Lewis returns to profit but pays no staff bonus
John Lewis has revealed a pre-tax profit of £42m before exceptional items for the year ended 27 January 2024, up from a loss of £78m last year. Despite the return to profit the Partnership will not pay out staff bonuses for the third time in four years. The company stated…
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6 MarchNews
Today’s news in brief-6/3/24
Currys shareholder JO Hambro Capital Management urged the company to hold out for a £1bn offer amid takeover talks. Despite rejecting a bid from Elliot valued at 67p per share, Currys faces pressure to consider higher offers, with JOHCM deeming an offer between 80p and 100p per share as “acceptable”.…
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6 MarchNews
Waitrose partners with FareShare to deliver 20 million meals
Waitrose has redirected the equivalent of 20 million meals worth of surplus food to charities and community groups across the UK through its partnership with charity FareShare. Through its stores, customer fulfilment and distribution centres across the UK, the retailer’s decision to redistribute surplus food is in line with its…
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6 MarchPeople Moves
Former JLP chairman Peter Lewis passes away
Peter Lewis, who served as chairman of the John Lewis Partnership from 1972 to 1993, has passed away aged 95. Lewis was the Partnership’s third chairman when he took the role in 1972, and was the son of Oswald Lewis and the nephew of John Spedan Lewis, who founded the…
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6 MarchDepartment Stores
John Lewis staff pay to rise 10% amid £116m investment
John Lewis Partnership reportedly has plans to boost staff pay by 10% as part of a £116m investment, according to Retail Week. The Waitrose owner will reportedly confirm the “record” pay increase when it releases its latest full-year results next week on 14 March. From 1 April, the minimum pay…
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4 MarchFeatures
A history of John Lewis
In the busy British retail landscape John Lewis stands out as a high street stalwart. From its humble beginnings as a drapery shop in Victorian-era Oxford Street to its evolution into a nationwide chain of department stores, the history of John Lewis is a testament to the enduring values of…
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