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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Sep- 2024 -12 SeptemberDepartment Stores
John Lewis narrows pre-tax losses to £30m
The John Lewis Partnership has revealed that its losses-before-tax closed to £30m, down from £59m, a decrease of 49%, for the 26 weeks ended 27 July 2024. Alongside this, the retailer’s losses-before-tax and exceptional items reduced by 91% from £57m down to just £5m. Overall, the company’s total revenue rose…
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5 SeptemberDepartment Stores
John Lewis brings back ‘never knowingly undersold’ promise
John Lewis has announced it is to bring back its ‘never knowingly undersold’ price match promise just two years after it was originally scrapped. The department store chain said ‘never knowingly undersold’ is to be “reimagined” from next week (Monday, 9 September), giving customers the John Lewis assurance on quality,…
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4 SeptemberNews
Today’s news in brief-4/9/24
John Lewis Partnership has submitted an £80m proposal to transform a disused warehouse in Reading into 215 energy-efficient rental homes. The planning application, now with Reading Borough Council, envisions a mix of one, two, and three-bedroom units featuring amenities for fitness, home-working, and socialising, alongside community spaces and public green…
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4 SeptemberDepartment Stores
John Lewis submits £80m plan to turn Reading depot into housing
The John Lewis Partnership has submitted plans for an £80m development that would see a disused Reading warehouse turned into new rental housing.The group submitted a planning application to Reading Borough Council with its proposal to transform the former distribution warehouse into 215 energy-efficient homes. The proposed regeneration would also…
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2 SeptemberNews
Today’s news in brief-2/9/24
John Lewis Partnership (JLP) has refuted recent claims of additional job cuts and management restructuring. Earlier, reports suggested management team overhauls across 34 stores could lead to more job losses beyond the 153 roles already announced last month. JLP clarified that these changes aim to enhance operational flexibility and customer…
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2 SeptemberDepartment Stores
John Lewis denies reports of further job cuts
John Lewis has denied that it is considering more job cuts and restructuring its management team, following reports over the weekend. It comes following resorts from The Sunday Times that claimed a revamp of management teams at 34 of its stores would lead to even more cuts to staff, including…
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Aug- 2024 -21 AugustSupermarkets
Waitrose to open 100 convenience stores amid £1bn investment
Waitrose has announced plans to open up to 100 convenience shops across the country over the next five years, just as the retailer has unveiled its latest vision for what its shops “could look like for customers in the future”. It comes as Waitrose plans to invest a “record” £1bn…
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14 AugustNews
Today’s news in brief-14/8/24
Inflation in the UK increased to 2.2% in July 2024, up from 2% the previous month, driven by less significant declines in energy prices compared to a year ago. The Office for National Statistics (ONS) reported that while gas and electricity prices fell by 7.8% and 6.8% respectively from June…
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14 AugustDepartment Stores
John Lewis to cut 150 roles as part of realignment plan
John Lewis is set to cut more than 150 jobs as part of a realignment plan that will see it make a multi-million pound investment to simplify in-store operations, including investments into new technology and realigning staffing. As part of the changes, 153 roles, or 1% of the total workforce, will…
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12 AugustDIY
The Floor Room falls into administration, 201 jobs lost
The Floor Room, a sister company of Carpetright, has fallen into administration, causing a total of 201 redundancies across its operations. Administrators at PwC were brought in last Friday (9 August) and closed the retailer’s 34 John Lewis concessions, one stand-alone store in London, and its online operation “with immediate…
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