From BHS and John Lewis to TSB and the Apple Watch: What got us talking this week? March 13, 2015 Jeremy Clarkson punched a man over a steak. Blurred Lines went from being the song with questionable gender politics to being a Marvin Gaye rip-off. And somewhere above our heads, a pilot got bored and drew rude pictures using GPS flight data. Here is what got us talking at City A.M. 1. After 15 [...]
Bonus at John Lewis drops on Waitrose sales March 12, 2015 JOHN Lewis Partnership slashed staff bonuses to 11 per cent of pay, the lowest level for 12 years, after profits fell at its grocery chain Waitrose. The partnership’s 93,800 employees will receive a total pay out of £156.2m, which is equivalent to nearly six weeks’ salary. The supermarket price war, a deflationary market and a significantly [...]
John Lewis Partnership slashes bonus as Waitrose profits fall March 12, 2015 The John Lewis Partnership, known for its generous staff incentives, has slashed the bonus payout to its partners after a hit on profits at its upmarket grocery chain Waitrose. Staff will receive a bonus of 11 per cent of their annual salary, down from last year's 15 per cent – the third annual decline in a row. [...]
John Lewis Partnership poised to reduce bonus payout to staff March 9, 2015 THE JOHN Lewis Partnership will this week seek to cut its bonus pot for staff for a second year in a row after the supermarket price war took its toll on sales at its upmarket grocery chain Waitrose. Waitrose has grown sales and market share faster than its traditional supermarket rivals in recent years, thanks [...]
John Lewis Partnership hit by multi-million pound burden of new holiday pay ruling January 16, 2015 Lawyers warned us that changes to holiday pay would be an expensive ruling, and lo, it came to pass. The John Lewis Partnership, which includes the eponymous department store and Waitrose, will have to stump up an additional £12m each year to cover costs relating to pension, bonuses and National Insurance. “The majority [...]
John Lewis calls for an end to heavy Black Friday discounting January 5, 2015 JOHN Lewis boss Andy Street has urged UK firms to hold back on Black Friday discounting because of its heavy cut to profits. The retailer’s managing director said the American-inspired sales day at the end of November gave John Lewis its biggest trading week on record, with sales up 22 per cent on last year, [...]
Black Friday hits John Lewis’ Christmas sales January 2, 2015 He may have been a runaway hit, but not even Monty the Penguin could help John Lewis emulate the success of its Black Friday deals during the Christmas period. Sales at the retailer fell 1.4 per cent during the week of Christmas, with sales of electrical goods falling 14.7 per cent compared with the same [...]
Boxing Day sales kick off early online at Amazon, John Lewis, Currys, Harrods, Next and Debenhams December 24, 2014 Amazon is kicking off its Boxing Day sale on Christmas Day. That’s right, you can start hunting for deals if Santa didn’t bring what you wanted before you’ve even had time to digest Christmas dinner. But there are also a host of retailers waiting to open their doors to sale shoppers on Boxing Day that [...]
The John Lewis Monty effect strikes again: Penguin confectionery flies off the shelves at Choc on Choc December 14, 2014 Bath-based, artisan chocolate brand, Choc on Choc has sold £260,000 worth of penguin confectionery in what the brand is calling the “Monty effect” following consumer hype around this year’s John Lewis Christmas advert. Since the debut of the Monty the Penguin advert, Choc On Choc has seen a huge surge in sales of its penguin [...]
John Lewis sales remain strong following bumper Black Friday December 9, 2014 The UK’S largest department store group John Lewis saw sales grow 10.8 per cent to £160m last week compared with the same week last year, with colder weather boosting sales of knitwear. Due to the roaring trade during Black Friday the week before, John Lewis saw its biggest ever week for sales in its 150-year [...]