John Lewis faces fresh defiance from Ealing residents over build-to-rent tower October 9, 2023 The John Lewis Partnership is facing further resistance from Ealing residents over the retailer‘s attempt to erect a build-to-rent tower of 428 homes over a Waitrose supermarket in the west London borough. A campaign group, Stop the Towers, has made fresh calls to the council urging it to listen to residents’ concerns and reject the [...]
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 [...]
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”.
John Lewis’ property punt already leaving more questions than answers September 4, 2023 The retailers' flagship property scheme appears set for a £57m paper loss
Sharon White: Departing John Lewis boss calls for ‘cross-party’ effort to fix ailing high streets October 24, 2023 The 56-year-old former Ofcom boss, confessed that department store John Lewis is now 60 per cent online and 40 percent physical.
John Lewis comes under fire for lack of affordable housing in first build-to-rent scheme March 8, 2023 John Lewis has faced pushback over its first build-to-rent development after the leader of Ealing council accused the firm of “bullying” and raised concerns about the lack of affordable homes for locals in the area. Peter Mason, leader of Ealing council, took to Twitter to slam the retail group about the possibility of it not [...]
M&S turned it around and is now in FTSE 100. Here’s why John Lewis is so far off September 14, 2023 The John Lewis Partnership has had a torrid day, following an announcement it will push its turnaround plan back by two years. It’s the latest bit of bad news that has seen it fall further behind rival Marks and Spencer, whose high street revival recently raised its profit outlook after pivoting towards clothing and homeware. [...]
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 [...]
Hybrid hinders London commercial space as John Lewis slashes head office value by £15.6m June 20, 2023 The John Lewis Partnership (JLP) has slashed the value of its London head office by £15.6m in the latest signal that hybrid working trends continue to hinder the capital’s commercial work space. It comes as last month the retail group revealed that it was ending the lease on its head office in Victoria, London as [...]
Made.com slashes 2022 outlook amid ‘tough trading environment’ May 16, 2022 Lifestyle brand Made.com lowered its expectations for the rest of 2022, with both gross sales and revenue expected to drop 15 per cent and seven per cent respectively.