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
- Senior Insight Manager Jarlett de Grouchy £30000.00 - £40000.00 per annum + car allowance+ bonus, Berkshire
- Associate Director, Consumer Research Jarlett de Grouchy £38000.00 - £45000.00 per annum, Oxfordshire
- Senior Innovation Manager Ball & Hoolahan £58,000 per Car/ Car Allowance, South East
- Range and Merchandising Executive Ball & Hoolahan £33,000 per annum, London
- Global Brand Manager Ball & Hoolahan £55,000 per annum, London
- Global Brand Ambassador Ball & Hoolahan £55,000 per annum, London