John Lewis boss: Labour must keep pledge to reform business rates Retail Labour must honour its manifesto promise to fundamentally reform the business rates system, John Lewis boss Jason Tarry has said. The retail chairman said the changes at last year’s Budget were positive for retail but offered a “short-term” fix to a system which unfairly disadvantages physical retailers as opposed to online shops. Chancellor Rachel Reeves [...]
John Lewis blames high costs as it axes build-to-rent venture Retail Retail giant John Lewis is to withdraw from its build-to-rent business in a shock U-turn on its diversification plans, after bemoaning high interest rates and a downturn in the London property market. John Lewis Partnership (JLP), which also owns Waitrose, took on management of around 1,000 homes in Bromley, West Ealing and Reading as part [...]
John Lewis boosts staff pay despite losses Retail Retail giant John Lewis has announced a £108m investment in staff pay despite losses at the retail giant tripling over its last financial year. The John Lewis Partnership, which also owns supermarket Waitrose, announced on Wednesday it will hike shop floor pay by 6.9 per cent, which it says will boost the pay packet of [...]