John Lewis pays 15pc bonus as sales beat M&S March 6, 2014 JOHN Lewis’s partners will share a reduced bonus pot equal to 15 per cent of the average staff salary as the retailer put more money aside to shore up its huge pension fund. The £202.5m bonus, which was announced to 91,000 John Lewis and Waitrose staff yesterday at stores across the country, is equivalent to [...]
John Lewis slims down bonuses to 15pc as pension costs rise March 6, 2014 John Lewis and Waitrose staff will get bonuses worth 15 per cent of their salaries today – from a bonus pool of £202.5m – after getting 17 per cent last year. 2013’s bonus is equivalent to around eight weeks’ pay. The partnership spent more on servicing its pension fund last year, with the deficit increasing [...]
John Lewis launches search for tech firms to help lift its game March 3, 2014 JOHN LEWIS has launched a search for five start-up technology companies to develop new ideas for the retailer and to help it stay ahead as mobiles and tablets change the way consumers shop. The department store group is setting up a technology incubator called JLAB, with five successful firms given office space and advice to [...]
John Lewis makes changes to its gold-plated final salary scheme January 30, 2014 JOHN LEWIS is set to make cuts to its generous pension scheme, one of the few non-contributory final-salary schemes left in the country. The department store group, which also owns Waitrose supermarkets, launched a review of its pension scheme in March last year after revealing that the deficit had ballooned to £840m. The draft proposals [...]
John Lewis cooks up sales growth thanks to homeware goods December 15, 2013 JOHN LEWIS said a rush for roasting tins and carving trays helped drive sales last week up 1.4 per cent on last year to £149.9m. But this growth has slowed from a whopping 11 per cent year-on-year rise in 2012, which one analyst said could be a symptom of a patchy performance on the high [...]
John Lewis sales reach £100m a week for the first time this year November 18, 2013 AFTER a warm start to the winter, Christmas shopping began in earnest last week with John Lewis reporting sales in excess of £100m for the first time this year. Sales in the week to 16 November jumped 10.7 per cent from a year ago to £101.4m – the earliest week that sales have ever topped [...]
John Lewis to open at Westfield London November 12, 2013 JOHN Lewis confirmed plans yesterday to open a new store in Shepherd Bush’ s Westfield shopping mall. The new John Lewis, the partnership’s fifth in London, will anchor the 600,000 square feet extension planned for Westfield London, due to open in 2017.
Review: How John Lewis has used a bear and a hare to lure in Xmas trade November 7, 2013 WITH just one John Lewis product used in the whole advert – an alarm clock given to a bear by a hare so that he can wake up from hibernation to enjoy Christmas – its keenly awaited Christmas advert appears at first glance oddly non-commercial. But by deciding to use animation and a simple tale [...]