Boohoo opens first owned factory in ‘new chapter’ amid international market challenges January 26, 2022 As Boohoo opens its first owned factory in Leicester, the company will be hoping to take a positive step forward after a miserable two years. The fast fashion retailer said its new 32,000 sq ft factory in Thurmaston Lane, Leicester, was “proof of its commitment to the city of Leicester and ethical British manufacturing.” The [...]
Why John Lewis’ price promise won’t deliver profits September 14, 2018 Retail bellwether John Lewis reported a 99 per cent drop in profits yesterday in what one analyst labelled a moment as significant as the fall of the Roman empire, as far as the struggling high street is concerned. The middle-class favourite’s profit before one-off items slumped to £1.4m in the six months to 28 July [...]
Why John Lewis’ price promise won’t deliver profits September 14, 2018 Retail bellwether John Lewis reported a 99 per cent drop in profits yesterday in what one analyst labelled a moment as significant as the fall of the Roman empire, as far as the struggling high street is concerned. The middle-class favourite’s profit before one-off items slumped to £1.4m in the six months to 28 July [...]
John Lewis could face profit hit after heavy discounting September 9, 2018 Retailer the John Lewis Partnership may take a £50m hit to profits after slashing prices this summer in the wake of the collapse of House of Fraser. The Waitrose-owner was forced to cut prices after department chain House of Fraser collapsed into administration leading to mass stock clearance. Read more: Changing tastes shows retail’s centre [...]
John Lewis Partnership taps London startup CupClub for reusable cups trial October 3, 2018 John Lewis Partnership has announced a collaboration with London startup CupClub, which will see the subscription service trialled within the business. CupClub was selected alongside three other startups who were chosen from more than 100 applications to John Lewis Partnership's JLab retail innovation programme, which in this iteration was dedicated to reducing plastic waste. The London startup [...]
In love with Amazon? It’s just a marriage of convenience August 11, 2020 And just becauseI call you upDon’t get me wrong, don’t think you’ve got it madeI’m not in love, no no, it’s because…. I’m sure you recognise those lyrics from the 1975 hit “I’m Not In Love” by 10cc — which was precisely 20 years before Amazon was launched onto an unsuspecting world. If only we’d [...]
Moneysupermarket kicks off hunt for new chief executive February 19, 2020 Price comparison site Moneysupermarket confirmed today it was looking for a new chief executive. Mark Lewis is stepping down from the role after three years in charge, the group told the stock market this morning. Sky News first reported the move, revealing that Moneysupermarket had hired headhunters Russell Reynolds to search for his successor. Lewis [...]
John Lewis boss ‘to lead review’ into rail industry amid calls for nationalisation September 15, 2018 John Lewis boss Keith Williams is to lead the government's review into the rail industry next week as it battles criticism over its franchise system. The Sun reported that deputy chairman Williams will lead review – to be announced on Thursday – to focus on a balance between the public and private sector at a time when the industry [...]
John Lewis boss ‘to lead review’ into rail industry amid calls for nationalisation September 15, 2018 John Lewis boss Keith Williams is to lead the government's review into the rail industry next week as it battles criticism over its franchise system. The Sun reported that deputy chairman Williams will lead review – to be announced on Thursday – to focus on a balance between the public and private sector at a time when the industry [...]
Drinking Formula 1 fizz in Trento, Italy November 29, 2022 The curtain has fallen on the 2022 F1 season, and on the podium at the Abu Dhabi finale world champion Max Verstappen toasted runners-up Charles Leclerc and Sergio Perez with non-alcoholic rose water. Where’s the party in that, you ask? Due to the same alcohol laws that are stifling celebrations for us boozy Brits at [...]