John Lewis Partnership chairman Sir Charlie Mayfield admits pay changes in retail aren’t a “genuine move forward” November 16, 2016 The chairman of the John Lewis Partnership, Sir Charlie Mayfield, has admitted that the response to the national living wage from retailers has not been a "genuine move forward" for their employees. Following the introduction of the new national living wage, several retailers have cut staff benefits while increasing basic pay rates. Minutes from a John [...]
John Lewis boss confirms he is standing for Mayor of the West Midlands September 9, 2016 John Lewis' boss Andy Street has unmasked his ambition to become the mayor of the West Midlands. The retail head will stand as a Conservative candidate – in an area where all but one of the local authorities are run by Labour – and has said he will step down as the John Lewis chief if [...]
John Lewis warns on job losses due to its commitment to staff pay September 15, 2016 The John Lewis Partnership warned this morning that it may be losing staff "over time" due to its paying its employees higher than the government-imposed national living wage. The company committed to paying workers "well above" the new national living wage, but said this had landed it with £33m in extra costs. If the department store had [...]
Oxford Street businesses are up in arms over the road’s planned pedestrianisation December 19, 2017 Thought that businesses and residents would be happy about the plan to turn Oxford Street into a car-free zone? Apparently not, as groups in the area have launched a protest against the mooted pedestrianisation. Banning cars and buses from the infamous shopping district will lead to more pollution and gridlocked local roads, according to local [...]
Knowingly undersold? John Lewis profits fall 15 per cent – but not because of Brexit September 15, 2016 You know things are bad when the chattering classes stop spending: today John Lewis admitted things had gone downhill in the first half as market conditions worsened. The figures Profit before tax and exceptional items fell 14.7 per cent to £81.9m in the six months to the end of July, despite a 3.1 per cent rise in gross sales, to £5.27bn. Although [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
Tesco execs stayed silent about a massive hole in its accounts say prosecutors October 9, 2018 Two senior former Tesco executives on trial for fraud in London were presiding over a “car crash waiting to happen” Southwark Crown Court heard today. Sasha Wass QC, prosecuting for the Serious Fraud Office (SFO), said Tesco’s former UK managing director Chris Bush and ex-UK food commercial director John Scouler were aware of a shortfall [...]
Credit Suisse hires Antonia Rowan as head of UK advisory and corporate broking September 5, 2018 Credit Suisse has promoted Antonia Rowan to head the bank's UK advisory and corporate broking business, replacing Lewis Burnett after he was poached by BNP Paribas. Rowan will start her role with immediate effect, according to an internal memo seen by City A.M. and confirmed by a Credit Suisse spokesperson. Rowan joined Credit Suisse as [...]
John Lewis is recruiting 3,500 staff to help it through the Christmas season August 25, 2016 It may be August, but the big retailers are already preparing for the festive season to make the most out of the sector's busiest trading period. John Lewis is recruiting 3,500 staff to work in both the retail and distribution arms of the business during the Christmas season; all the temporary staff will go through training to [...]
Strewth: John Lewis is going Down Under July 15, 2016 Brits will soon be able to travel to the other side of the world safe in the knowledge that they won't be far away from their favourite range of Egyptian cotton pillowcases and cashmere jumpers. That's right – John Lewis is going Down Under. The retailer is to open six shop-in-shops in Australian department store Myer. [...]