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 [...]
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 [...]
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. [...]
The kids heading back to school drove sales at John Lewis as the warmer weather continued to help Waitrose September 13, 2016 The John Lewis Partnership's sales have been boosted by the summer sun and families stocking up for the start of the school year. In the week to 10 September, sales at John Lewis were up 9.1 per cent on the same period last year, reaching £82.7m. Fashion sales did particularly well, up by 6.8 per cent. Children's [...]
John Lewis looks to boost footfall with £9m investment in its beauty halls August 23, 2016 John Lewis is investing £9bn in its beauty halls to bring new brands to customers and increase footfall. The Cambridge, Cribbs Causeway and Bluewater John Lewis stores will be refurbished and the company hopes to increase footfall in these locations by around 50 per cent. The retailer also plans to invest in its Peter Jones department [...]
Waitrose’s sales were boosted by the summer sun last week – but John Lewis stayed in the shade August 31, 2016 The warm weather boosted Waitrose's sales last week – but sister shop John Lewis failed to cash in on the summer sun. Excluding fuel, total sales at Waitrose were up 8.2 per cent on last year. The retailer said both the good weather and generous promotions were responsible for the sales lift – barbeque product [...]
Wireless headphone sales have soared at John Lewis after the launch of Apple’s iPhone 7 September 8, 2016 Sales of wireless headphones at John Lewis have soared after Apple's recent unveiling of its wireless Airpod headphones. Wireless headphone sales were up 60 per cent week-on-week, John Lewis said, as "tech savvy customers are ready for a change" on the announcement that the next iPhone will not have a headphone jack. Katrina Mills, buyer [...]