John Lewis exclusive: ’40 per cent of our profits will come from non-retail by 2030′ June 11, 2021 High Street giant John Lewis looks back on a difficult year. In March, the 157-year old partnership announced it would not reopen eight stores after lockdown restrictions eased, putting almost 1,500 jobs at risk. The value of John Lewis stores dropped to almost half the value they were before this year’s and last year’s writedowns, due [...]
Falcon and Winter Soldier Episode 5 – the fight for The Shield April 16, 2021 *** WARNING: This review contains spoilers for all current episodes of Falcon and Winter Soldier *** The last episode of Marvel’s action-packed series saw John Walker (Wyatt Russell) go rogue after the death of his partner at the hands of Karli Morgenthau (Erin Kellyman), viciously killing an unrelated ally in front of a gasping crowd. [...]
John Lewis to permanently close eight stores, putting 1,465 jobs at risk March 24, 2021 John Lewis has announced it will not reopen eight stores after lockdown restrictions are eased, putting almost 1,500 jobs at risk. The retailer said the four department stores and four “At Home” branches are in locations that “can’t sustain a large store”, and will be permanently closed. It will enter into consultation with the 1,465 [...]
Shakespeare: So far, consumers remain on John Lewis’ side March 17, 2021 Retailer John Lewis has announced hundreds of jobs are at risk as the brand considers the permanent closure of more department stores following the “economic earthquake” of the Covid-19 pandemic. Staff were already told earlier this year that there would be no annual bonus this year. The chairwoman of the John Lewis Partnership, Dame Sharon [...]
John Lewis to close more stores in places ‘where people aren’t going’ after it lost £517m in 2020 March 12, 2021 John Lewis to close more stores in places 'where people aren't going' after it lost £517m in 2020
Astia launches $100m venture fund for growth companies with women at the helm February 8, 2021 Astia has launched a $100m early-stage venture fund that will invest globally in high-growth companies that have at least one woman in an executive, equity-holding position. The fund was created to help to address the disparity in funding for companies that include women in founding or executive roles. Mastercard is the fund’s main investor. Astia [...]
John Lewis axes 1,500 head office jobs November 4, 2020 John Lewis has announced it will axe a further 1,500 jobs as part of its plan to return to profit. The retailer said this morning that it will cut the head office roles by April next year, in a move that will save £50m as it targets £300m in cost reductions by 2022. It will [...]
John Lewis to convert almost half of Oxford Street store into offices October 28, 2020 John Lewis has been given the green light to convert almost half of its flagship Oxford Street department store into office space amid turmoil for the UK’s retail sector. Westminster City Council last night granted the high street store conditional planning permission to transform three to eight floors into dual-use space. The local authority voted [...]
John Lewis unveils five-year plan to return to profit October 16, 2020 John Lewis Partnership has set out plans to return to profit, with a £1bn investment in boosting its online business and a focus on expanding its non-retail offering. The firm this morning said it is aiming to report £400m in profit by the end of the five-year transformation plan. The department store chain, which also [...]
Dame Sharon White: It is too early to predict the end of the high street October 15, 2020 Dame Sharon White has said it is too early to sound the death knell of the British high street even as she outlined further plans for the John Lewis partnership to move online. Speaking to the Times CEO summit, White said the “death knell for the High Street is rather premature”, just months after cutting [...]