Waitrose news and archive

John Lewis narrows losses, on track to deliver higher full year profit

John Lewis Partnership reported sales of 5.9 billion pounds in the first half, up 2 percent year-on-year, while revenue was up 2 percent to 5.2 billion pounds. The company said that the Partnership is on track to deliver significantly higher full year profit above the 42 million pounds reported in 2023/24. Commenting on the first half trading,...

Retail|Beauty

Prai Beauty continues UK expansion with Waitrose

Skincare brand Prai Beauty, known as the ‘Neckxperts’ for its pro-aging solutions targeting the skin around the throat and décolletage, is launching into Waitrose this month as part of its ongoing UK retail expansion plans. The move will mark Prai Beauty’s first supermarket stockist and follows its success in the UK market with M&S, Boots, QVC...

People

John Lewis hires chief transformation and technology officer

The John Lewis Partnership have appointed Zak Mian as its first chief transformation and technology officer. The appointment marks the retail group’s first executive-level appointment focused solely on transformation and technology as it looks to strengthen its transformation capability and deliver its five-year ‘Partnership Plan’. Mian joins...

ManagementFeatured

John Lewis Partnership swings to H1 loss as shoppers reign in spending

The John Lewis Partnership swung to a loss in the first half of the year amid the cost of living crisis. In the six months to July 30, the employee-owned company made a loss before tax and exceptional items of 92 million pounds compared to a profit of 69 million pounds a year earlier. Chair Sharon White said the loss was largely due to two main...

Report

John Lewis pre-tax profit increases, restores staff bonus

John Lewis Partnership has restored its staff bonus after narrowing its full-year profit. In the 12 months to January 29, the partnership’s underlying pre-tax profit reached 181 million pounds, 38 percent higher than 2020/21 and 159 percent higher than two years ago. Including exceptional items worth 161 million pounds and bonus of 46 million...

ManagementFeatured

Profits surge at John Lewis Partnership, according to leaked memo

John Lewis Partnership has reportedly seen a surge in profits thanks to its ongoing cost-cutting measures as well as bumper Christmas sales at Waitrose. The partnership was “well ahead” of its 100 million pounds annual profit target by the end of December, with still a month of its financial year left, according to a leaked memo seen by The Mail...

Retail|Beauty

Eco-friendly deodorant brand Wild announces new UK partnerships

Sustainable and natural deodorant brand Wild has secured new partnerships with some of the UK’s leading supermarkets, retailers and department stores as part of its ongoing expansion plans to “reach as many people as possible”. Wild has signed a deal with supermarket giant, Sainsbury’s to launch its products online and in 285 of its stores. The...

RetailFeatured

Anya Hindmarch partners with supermarkets on recycled shopping bag

British accessories designer Anya Hindmarch is teaming up with Sainsbury’s and Waitrose to launch a durable and reusable shopping bag that is made from 100 percent recycled material. The circular “universal bag” is a project to inspire further change in consumer behaviour and to reduce the reliance on single-use plastic bags. While sales have...

ManagementFeatured

John Lewis Partnership posts first half profit

A year into the company’s five-year ‘Partnership Plan’ to return the business to sustainable profit of 400 million pounds a year, John Lewis Partnership reported first half profit before exceptional items of 69 million pounds, which was 124 million pounds up on 2020/21, when the company made a loss of 55 million pounds. The company’s sales for...