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 blames ‘pain of inflation’ for £234m loss and admits it will not be paying partner bonuses March 16, 2023 John Lewis Partnership has blamed shoppers feeling the “pain of inflation” and a write down in the value of its Waitrose stores for its second year of losses in a row. For the year ending January, the middle class favourite, which owns John Lewis department stores and grocery chain Waitrose, posted a loss of £234m [...]
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 [...]
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 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.
The most affordable Christmas dinner in a cost of living crisis November 9, 2023 Aldi has emerged on top after finance experts uncovered the cheapest supermarket in the UK to purchase your Christmas dinner in 2023.
Waitrose pledges to keep meat and fish counters open as rivals shutter services November 11, 2020 Waitrose has this morning pledged to keep its meat, fish and deli counters open, taking on the supermarkets that have shuttered the services to cut costs amid falling demand. The up-market grocer said it is committed to the long-term future of its food service counters, and is planning to expand its meat and fish range [...]
Waitrose launches Deliveroo trial as Ocado partnership ends August 28, 2020 Waitrose has launched a partnership with Deliveroo as its deal with online supermarket Ocado comes to an end. The grocer said that more than 500 products will be available to order through Deliveroo as part of an initial 12 week trial. Customers will be able to order from stores in Bracknell and Clifton from Tuesday, [...]
Waitrose axes 124 jobs amid closure of unprofitable stores September 16, 2020 Waitrose has announced plans to axe four unprofitable stores, putting 124 jobs at risk. The supermarket said it will close shops in Caldicot, Ipswich Corn Exchange and Shrewsbury, while a fourth branch in Wolverhampton will be sold to Tesco. Waitrose said today that trading at the stores had been “challenging” and it had not found [...]
Supermarket heavyweights the Co-op and Waitrose face mounting pressure to return business rates relief December 4, 2020 High street titans the Co-op Group and Waitrose are facing mounting pressure to follow their peers and hand back millions of pounds of business rates relief dished out to keep the companies afloat during the pandemic. The Co-op is facing growing disquiet from members after refusing to emulate rivals Tesco, Morrisons, Asda, Sainsbury’s and Aldi, [...]