Company
John Lewis Partnership
PRIVATE:JLP
The John Lewis Partnership's 84,000 Partners own the leading UK retail businesses - John Lewis and Waitrose. Our founder's vision of a successful business powered by its people and its principles defines our unique company today. The profits and benefits created by our success are shared by all our Partners.
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Birkenstock, Sister Jane and Barbie: Christmas’s top gifts?
Could any stocks benefit from this year's Christmas favourites?
John Lewis, Tesco and Sainsbury’s fund shoplifting crackdown
Leading high-street retailers have helped fund a new policing unit
Waitrose launches meal deal with high-end price to match
Waitrose has launched a £5 meal deal, priced above rivals', in a new bid to tempt shoppers
UK retail sales boosted by hottest June on record
In other data, GfK’s index of consumer confidence worsened to -30 in July, from -24 in June
Waitrose enlists in supermarket price war
Tesco warns customers of upcoming Clubcard points value reduction
FIVE at FIVE: Royal Mail doubts, John Lewis’ chair survives; FTSE 100 down; Vodafone Three merger; Cellular soars
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Waitrose scores fastest monthly growth since 2021
Waitrose saw its fastest rate of growth in March since September 2021, after cutting own-brand prices a month earlier
FIVE at FIVE: Ocado at crossroads; Shock exit at John Lewis; FTSE closes lower; Homebuying discounts; BA forecasts raised
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Waitrose cuts prices to claw back customers
Waitrose has earmarked £100mln to cut prices of its own-branded goods, aiming to boost competitiveness as customers face higher costs
John Lewis, Tesco and PwC switch off lights and heating to save energy costs
Companies are attempting to cut energy costs by lowering temperatures, dimming lights and even shutting offices
John Lewis teams up with Abrdn to build 1000 houses
John Lewis has joined forces with investor Abrdn PLC to build 1000 new homes
John Lewis "back to 1970's" due to cost of living squeeze
This means the retailer's staff will likely not receive a bonus again this year after being cut during Covid
John Lewis commits to more rental services to 'protect and restore nature'
The retailer pledged to continue to develop more rental, resale, and return opportunities
John Lewis launches rental service with Hurr
In 2020, the group launched a furniture rental service, while in May this year it announced a subscription service for rented children’s clothes in partnership with Thelittlelopp, a children’s rental platform
Archive
FIVE at FIVE: Emergency budget, Ethereum merge, John Lewis’ cancelled bonus and GSK upgrade
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Will John Lewis feel the festive spirit this Christmas?
John Lewis said most of its profits come in the last quarter of the year, but often that isn’t enough to stop it from reporting a loss
John Lewis warns bonus may be cancelled but reveals cost-of-living support package
The department store and Waitrose owner said it was spending £45mln on extra pay and other benefits for staff
The John Lewis Partnership to hire 10,000 temporary workers
The parent company of John Lewis and Waitrose said the staff will be spread across its two retail chains as well as its distribution network
John Lewis plans first build-to-rent homes above Waitrose stores
Residents would have options for short and long-term rents and to have the homes furnished by the group
Asda and Waitrose in 'essential' brand dispute
The high-end supermarket sells about 1,000 products in its range
John Lewis brings back bonus and pledges real living wage after slashing losses
Like-for-like sales at the department stores were up 8% and 1% at Waitrose supermarkets
John Lewis 'retires' never knowingly undersold pledge
Going forward it will focus on targeted low pricing rather than matching rivals.
Waitrose boosts vegan range with new potato milk
Soy, almond, oat and pea milk alternatives are facing a new competitor
The lockdown experience was in tents: John Lewis reveals the shopping trends of the last 12 months
Crocs and rugs and forward rolls (on the trampoline) were a feature of the year of lockdown.
John Lewis says profits recovering but “significant uncertainty” remains
Customers are returning to stores for larger items such as furniture and beds, and ‘take with you’ items like stationery and gifts, but not in the same numbers as before the pandemic, the group said
John Lewis to take on 7,000 temps for Christmas rush
JLP said it wants to take on 550 permanent full-time drivers and warehouse workers
John Lewis moves into wealth management through deal with Nutmeg
Chair Sharon White wants 40% of revenues from non-shopping activities by 2030
John Lewis Partnership cries foul over minimum wage reprimand
A spokesperson for the employee-owned partnership explained that the issue arose because the partnership smooths pay so that partners with variable pay get the same amount each month
John Lewis Partnership axes another 1,000 jobs
16 John Lewis stores have closed their doors over the past twelve months
John Lewis Partnership focused on survival as it calls to scrap business rates system
Chair Sharon White said the business must adapt or die
John Lewis Partnership said eight John Lewis shops won’t reopen once lockdown is lifted
“We expect 60% to 70% of John Lewis sales to be made online in the future. Nearly 50% of our customers now use a combination of both store and online when making a purchase,” it said
John Lewis Partnership slumps to first-ever annual loss
Strip out the write-down in the value of its retail estate and the retailer actually made a profit but the money spent on that retail estate is now water down the drain
John Lewis pays back government loan early as trading not as bad as feared
The £300mln Covid Corporate Financing Facility was due for repayment in mid-March
John Lewis first retailer to drop click & collect to ensure COVID-19 safety
“While we recognise that the detail of formal guidance has not changed, we feel it is right for us"
John Lewis Partnership cuts another 1,500 staff as rebuilding plan kicks in
John Lewis this year scrapped its staff bonus for the first time since the Second World War
John Lewis to ditch 'Never Knowingly Undersold' as part of £1bn overhaul plan
Chair Sharon White said its long-standing slogan will be replaced next year by a new value pledge.
Market speculates on future of high street ahead of John Lewis Partnership’s strategic update
The partnership may reveal major changes at its department stores and online platform
John Lewis scraps staff bonus after big first half loss
Waitrose saw buoyant grocery demand through the lockdown period
Waitrose closes four more stores as John Lewis prepares to reveal costs of coronavirus
The grocery chain has been a bright spot in an otherwise bleak picture at the staff-owned retailer,
John Lewis, Boots and Rolls Royce unveil thousands of job cuts as firms swing the axe amid downturn
As the effects of the pandemic ripple across the economy, firms across multiple industries have been forced to cut back sharply on staff numbers to save cash
John Lewis to slash 1,300 jobs as it unveils stores marked for closure
Shops marked for closure include one of the group's flagship outlets at the Bullring Shopping Centre in Birmingham
John Lewis confirms department store closures and job cuts following review
White said it was possible going forward to envisage between 60-70% of future sales being online.