Waitrose
This coverage examines Waitrose’s operations, strategy, and position within the UK retail market. Reporting includes store performance, product innovation, supply chain developments, marketing initiatives, sustainability efforts, and leadership decisions. With a focus on commercial impact and competitive strategy, it provides actionable insights for retail executives, managers, and professionals engaged in grocery and premium food retailing.
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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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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
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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Feb- 2024 -27 FebruarySupermarkets
Grocery sales jump 5% as food price inflation falls
Total grocery sales increased 5.1% to £35.3bn for the four weeks to 18 February 2024, as grocery price inflation fell 5.3%, marking the lowest rate since March 2022, according to the marketing data and analytics company Kantar. February also saw a return to indulgence for some consumers as dry January…
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14 FebruaryNews
Today’s news in brief-14/2/24
The British Retail Consortium (BRC) reported a disturbing surge in violence and abuse against retail workers, with incidents increasing by nearly 50% to 1,300 per day in 2022/23 compared to the previous year. This rise occurred despite significant investments by retailers in crime prevention measures such as CCTV and security…
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14 FebruaryNews
Waitrose invests £30m in price cuts
Waitrose has announced that it is cutting prices by another £30m on hundreds of everyday own brand products. The price cuts begin today (14 February) on over 200 lines including British meat, fruit and vegetables, store- cupboard staples and products sold on our popular fresh food counters, with more price…
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Jan- 2024 -26 JanuaryDepartment Stores
John Lewis could cut jobs amid halved redundancy payouts
John Lewis Partnership has implied that it could make job cuts across the business after it slashed its redundancy payouts, The Telegraph has reported. It is understood that the employee-owned retailer told partners this week it was halving its current two-week redundancy pay per year of service policy as it…
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