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 [...]
When is the best time to go Christmas shopping? Here are London’s busiest days so you can avoid them November 20, 2014 Next week is expected to see the start of the Christmas rush with Black Friday on November 28 – a US import that was brought about to stimulate spend after Thanksgiving. Fast becoming a crucial part in the retail calendar, high street names such as John Lewis are predicting big things, with many [...]
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 [...]
Jeremy Corbyn’s leadership: Who will be the first Labour MP to defect – and which party will they move to? September 17, 2015 It's still the first week of Jeremy Corbyn's life as Labour leader, but the honeymoon period is definitely over. It's no secret that he's been upsetting the media – not least when journalists get hospitalised while reporting on him – and the same thing seems to be happening with his own party members. Pundits and [...]
The UK has the most valuable online shopping market in the developed world December 12, 2014 The UK spends more money per head online than any other developed country, with the average Brit spending £2,000 per year on the likes of Amazon, Asos and John Lewis. In the UK, 59 per cent of people said that they had use online shopping at least once a week to buy products, according to [...]
City Link workers demand urgent talks as 1,000 more jobs could be at risk December 27, 2014 Workers at City Link, the parcel delivery company which collapsed into administration on Christmas Eve, have demanded talks with administrators, as it emerged 1,000 more jobs than originally thought may be at risk. The BBC reported that leaders at the Rail, Maritime and Transport (RMT) union has written an open letter to business minister Vince [...]
Jean Tirole’s Wikipedia page in need of an edit as Manuel Valls thumbs his nose at Andy Street October 13, 2014 When Jean Tirole’s name was read out at the Royal Swedish Academy of Sciences yesterday, a lot of people, economics geeks aside, Googled his name to see who exactly the Nobel Prize for Economics winner was. Along with the list of the economist’s various accolades, Tirole’s Wikipedia page said, “YO, SOMEONE EDIT THIS STUFF IT [...]
Debenhams share price plummets despite online sales uplift January 13, 2015 The figures Shares in troubled department store Debenhams fell nearly eight per cent in mid-morning trading, despite figures published this morning suggesting it had a record Christmas. The retailer said like-for-like sales in the four weeks to 10 January rose 4.9 per cent. Particularly successful were online sales, which went up by 29 per cent. Demand [...]
Black Friday and Cyber Monday 2014: Could Manic Monday beat both to become the biggest retail day of the year? November 25, 2014 With Black Friday bargains from the biggest retailers including Amazon, John Lewis, Marks & Spencer and Currrys PC World, UK shoppers are expected to go hell for leather in the lead up to Christmas this year. But two firms are fighting against the consensus that says Black Friday and Cyber Monday will see us [...]