John Lewis recorded profit growth of 73 percent to 97 million pounds (125.6 billion dollars) for the year ending on January 25, 2025. Despite this profit surge, the company has opted not to reinstate its staff bonus for the third consecutive year. Instead, the partnership plans to invest these gains into strategic business transformation and...
13 Mar 2025
John Lewis Partnership reported sales of 5.9 billion pounds in the first half, up 2 percent year-on-year, while revenue was up 2 percent to 5.2 billion pounds. The company said that the Partnership is on track to deliver significantly higher full year profit above the 42 million pounds reported in 2023/24. Commenting on the first half trading,...
12 Sept 2024
Skincare brand Prai Beauty, known as the ‘Neckxperts’ for its pro-aging solutions targeting the skin around the throat and décolletage, is launching into Waitrose this month as part of its ongoing UK retail expansion plans. The move will mark Prai Beauty’s first supermarket stockist and follows its success in the UK market with M&S, Boots, QVC...
2 Nov 2023
The John Lewis Partnership have appointed Zak Mian as its first chief transformation and technology officer. The appointment marks the retail group’s first executive-level appointment focused solely on transformation and technology as it looks to strengthen its transformation capability and deliver its five-year ‘Partnership Plan’. Mian joins...
2 Nov 2022
The John Lewis Partnership swung to a loss in the first half of the year amid the cost of living crisis. In the six months to July 30, the employee-owned company made a loss before tax and exceptional items of 92 million pounds compared to a profit of 69 million pounds a year earlier. Chair Sharon White said the loss was largely due to two main...
15 Sept 2022
John Lewis Partnership has reportedly seen a surge in profits thanks to its ongoing cost-cutting measures as well as bumper Christmas sales at Waitrose. The partnership was “well ahead” of its 100 million pounds annual profit target by the end of December, with still a month of its financial year left, according to a leaked memo seen by The Mail...
14 Feb 2022
Sustainable and natural deodorant brand Wild has secured new partnerships with some of the UK’s leading supermarkets, retailers and department stores as part of its ongoing expansion plans to “reach as many people as possible”. Wild has signed a deal with supermarket giant, Sainsbury’s to launch its products online and in 285 of its stores. The...
9 Dec 2021
British accessories designer Anya Hindmarch is teaming up with Sainsbury’s and Waitrose to launch a durable and reusable shopping bag that is made from 100 percent recycled material. The circular “universal bag” is a project to inspire further change in consumer behaviour and to reduce the reliance on single-use plastic bags. While sales have...
16 Nov 2021