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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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.