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1383 Search results for John Lewis

  • ‘Tragedy’ if John Lewis ownership changes, says ex-boss

    'Rocket fuel' mutuals bill

    John Lewis changing its ownership model would be “a tragedy”, a former top boss has said. Reports last week suggested the retailer is considering ending its fully staff-owned structure, with the partnership’s chairwoman, Sharon White, exploring plans to sell a minority stake. West Midlands mayor Andy Street, John Lewis managing director until 2016, acknowledged the [...]

  • Brits ditch the loungewear and head back to the office: John Lewis

    BACK TO WORK

    Non-wired bras, velour tracksuits, jigsaws and wall-mounted desks have fallen out of favour with British shoppers as they put the lockdown lifestyle behind them, annual John Lewis sales figures suggest. The retailer’s annual How We Shop, Live And Look report suggests customers are “casting off the trappings of a life in lockdown” with sales of [...]

  • The fate of John Lewis vs Debenhams is a parable in how to adapt to the future

    Feng Li

    Emerging technologies, from AI and machine learning to edge computing and the metaverse, are fundamentally revolutionising how data is captured and used by businesses in the UK. The effective application of this data can have a transformational effect on the performance of an organisation. In the UK, we’ve had clear examples of this working to [...]

  • John Lewis posts £92m loss after ‘unprecedented cost inflation’

    September 15, 2022

    John Lewis Partnership has posted a £92m loss before tax, blaming shoppers spending less due to inflationary pressures in the first half of the year. This was versus a £69m profit compared to the same period last year, although the partnership said on Thursday it was “not unusual for us” to make a loss in [...]

  • John Lewis ditches ‘never knowingly undersold’ pricing pledge

    February 25, 2022

    John Lewis will ditch its iconic “never knowingly undersold” pricing pledge on the grounds it does not reflect the current retail landscape, as high street stores look to fend off competition from online retail giants.

  • John Lewis turns around losses after Christmas boost

    February 14, 2022

    John Lewis is trading in the green following strong Christmas sales which helped the group recover from heavy losses.

  • Retail guru Mary Portas warns John Lewis it has ‘let go of the soul’

    March 25, 2023

    Mary Portas has sent an open letter to department store John Lewis warning that it has “let go of the soul”.

  • High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026

    February 8, 2023

    Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]

  • John Lewis seals £500m deal with Abrdn to enter rental property market

    December 2, 2022

    John Lewis has signed a £500m deal with investment giant Abrdn to enter the rental property market. The agreement announced today will see the High Street titan deliver a thousands new homes a year, with a view to having built 10,000 in the next decade. In a bid to diversify and move away from dependency [...]

  • John Lewis in hot water as “misleading” ad is pulled

    October 27, 2021

    John Lewis was forced to apologise after it aired an ad that was considered potentially misleading by the financial watchdog. “This advert has been withdrawn because the Financial Conduct Authority (FCA) considers the content to be potentially misleading and could cause customers to be confused about John Lewis’s new home contents insurance offering,” the department [...]

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