Why it may not be all doom and gloom for John Lewis Retail Employee-owned John Lewis Partnership has faced a series of dilemmas over the past few years, but analysts are “cautiously optimistic” a refresh of its top table will help aid its balance sheet ahead of its results next week.
John Lewis revamps marketing approach as it tackles losses John Lewis John Lewis has created a ‘customer planning team’ to make the most out of its marketing budget in stores and online, as it struggles with huge losses. The upmarket British retailer, famed for its annual tearjerker Christmas ad, has appointed Andreas Nicolaides to lead the new team from October. John Lewis, which owns Waitrose, said [...]
Predictions of death of the high street ‘overstated’, says John Lewis Retail Predictions of the death of the high street have been “overstated”, John Lewis has said, as it announced its proportion of sales being made online has fallen and store visits are up.
Sharon White: John Lewis will be profitable in three years June 8, 2023 John Lewis boss Sharon White has reportedly not ruled out tapping up outside investment to bring the struggling upmarket retailer back to profitably by 2026, however vowed that the would remain business employee owned. White told members of the Employee Owned Association – which represents UK organisations which are employee owned- that the plan to [...]
John Lewis points to job cuts as it lowers redundancy pay for staff January 26, 2024 John Lewis Partnership could be on track to make further job cuts after it slashed redundancy payout for its staff. Workers were reportedly told this week the redundancy pay would be lowered to one week’s pay per year on service, as its current two week policy was higher than what is typically offered. In a [...]
John Lewis returns to profit but cuts staff bonus for third year running March 14, 2024 The employee owned John Lewis Partnership (JLP) will again not pay staff a bonus this year, but has reported a return to proft.
Mike Ashley’s Frasers continues expansion with move into former John Lewis site January 29, 2024 Mike Ashley’s Frasers Group will move into the former John Lewis space at Invesco’s £202m shopping centre in Queensborough, as it pushes ahead with expansion plans.
John Lewis Partnership on the hunt for over 8,000 Christmas staff August 25, 2023 John Lewis Partnership is recruiting for more than 10,000 roles, 8,400 of which are seasonal Christmas positions. The employee owned business, which owns department store John Lewis and grocery store Waitrose, said that successful candidates will receive a competitive salary and training. “We’re hugely proud of the way our two brands have become part of [...]
John Lewis faces fresh backlash for Ealing build-to-rent scheme August 24, 2023 John Lewis is facing renewed backlash from Ealing locals for its attempts to build hundreds of rental homes in two block towers within the London borough as part of its push to diversify from retail. The struggling department and grocery brand has submitted its finalised development plans to Ealing Council, with an ongoing consultation process [...]
John Lewis CEO: Bailey wants you to be gloomy – and it’s working August 13, 2023 The new Chief Executive of John Lewis has given a stark warning to the Bank of England, cautioning against higher interest rates that could “tip into recession”. Nish Kankiwala was appointed as the Partnership’s first Chief Executive in March and has since been laying out his recovery plan for the struggling high street favourites John [...]