What next for Waitrose? Supermarket quits Planet Organic talks after John Lewis fiasco March 29, 2023 Waitrose has pulled out of secret talks to acquire a stake in rival health supermarket Planet Organic. The high-end supermarket, which is part of the John Lewis Partnership, ceased discussions late last week about a possible agreement, according to reports first published in Sky News, Sources told the outlet that the deal would have meant [...]
Can online favourite Ocado make a comeback, or will its share price sink lower? March 28, 2023 Ocado’s share price fell nearly six per cent in afternoon trade as the “magic” of the online retailer’s venture with Marks and Spencer did little to buoy the confidence of investors In its start of year trading update Ocado revealed that retail revenue grew slightly by 3.4 per cent, although a 7.5 per cent decrease [...]
Ocado’s ‘M&S’ magic fails to impress as shares trade down despite revenue boost March 28, 2023 Ocado said it had helped by some “M&S magic” as the grocery chain’s joint venture with the high street stalwart boosted sales by 3.6 per cent in its first quarter. Shares in the online grocer were last trading down 1.97 per cent or 8.9p at 443.20p. The up market online grocer, which posted a pre-tax [...]
‘Tragedy’ if John Lewis ownership changes, says ex-boss March 26, 2023 John Lewis changing its ownership model would be “a tragedy”, a former top boss has said. Reports last week suggested the retailer is considering ending its fully staff-owned structure, with the partnership’s chairwoman, Sharon White, exploring plans to sell a minority stake. West Midlands mayor Andy Street, John Lewis managing director until 2016, acknowledged the [...]
Retail guru Mary Portas warns John Lewis it has ‘let go of the soul’ March 25, 2023 Mary Portas has sent an open letter to department store John Lewis warning that it has “let go of the soul”.
Milk, meat and fruit worst affected as supermarket groceries DOUBLED in cost over last year, Which? says March 22, 2023 The cost of some everyday groceries has more than doubled over the last year, consumer brand Which? has found. The company analysed inflation on more than 25,000 food and drink products at eight major supermarkets – Aldi, Asda, Lidl, Morrisons, Ocado, Sainsbury’s, Tesco and Waitrose. Which? looked at the average price of the products in the three [...]
Forget the Oxford-Cambridge Boat Race: Here’s the Wine Race March 22, 2023 The Boat Race between Oxford and Cambridge has been a tradition since 1829 when two friends challenged each other to a race on Henley-on-Thames. But as Oxbridge’s sporting elite works up a sweat through 4.2 miles of hard rowing, I shall be enjoying the Oxford vs Cambridge of wine. Rooting for Oxford are Stephen and [...]
A supermarket crackdown on seasonal workers picking UK fruit is too little, too late March 22, 2023 Our farms heavily rely on seasonal workers. But the system is ripe for exploitation - and supermarkets and other stakeholders have a responsibility to fix it, writes Elena Siniscalco
Explainer: Why Waitrose is no longer the jewel in the John Lewis crown and how the group’s future may lie in property, not produce March 17, 2023 Times are tough for John Lewis as chair Sharon White admitted when the high street stalwart this week announced it had made a £234m loss in 2022. The sum was worse than market expectations and marked the second year the upmarket retailer had gone into the red. In a sympathetic letter addressed to the company’s [...]
John Lewis blames ‘pain of inflation’ for £234m loss and admits it will not be paying partner bonuses March 16, 2023 John Lewis Partnership has blamed shoppers feeling the “pain of inflation” and a write down in the value of its Waitrose stores for its second year of losses in a row. For the year ending January, the middle class favourite, which owns John Lewis department stores and grocery chain Waitrose, posted a loss of £234m [...]