John Lewis profits crash 43%
The John Lewis Partnership fell foul of intense high-street competition, revealing a half-year profits slump of 43%.
LONDON (Brand Republic) – The John Lewis Partnership fell foul of intense high-street competition, revealing a half-year profits slump of 43%.
Sir Stuart Hampson, John Lewis chairman, said buying some of supermarket group Somerfield’s stores and converting them to the partnership’s Waitrose chain had dented profits by £7m. He added other one-off costs had contributed to its poor performance.
Despite a 10% increase in sales in the six months to July, pre-tax profits fell to £38.5m. (The Times)
Latest jobs Jobs web feed
- Business Development Executive Bullfrog Digital LTD Up to £30k + Commission and benifits, Shoreditch
- Head of Strategy, Insight & External Relations London & Partners COMPETITIVE + PRP + BENEFITS, London Bridge
- Senior Account Manager Hot Cow Between £32,000 - £35,000 with discretionary bonuses., Near Chiswick Business Park, a fun and vibrant location to work with events, a lake and bars.
- Project Manager - Integrated / Digital - Superb London Agency Fill Recruitment Ltd £40k - £50k plus bonus and superb benefits!, Central London
- Marketing Partnerships Director PFJ £40000.00 - £45000.00 per annum, London
- Assistant Category Manager Jarlett de Grouchy £27000 - £30000 per annum + + Bonus + Benefits, London