Saturday, October 31, 2020

John Lewis targets new companies to ship progress

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John Lewis is ready for an enormous shake up. The 91-year-old partnership, which incorporates Waitrose, has seen a droop in income and has been pressured to cancel the workers bonus for the primary time since 1953. With extra buyers having moved on-line in the course of the pandemic, John Lewis is now trying to supply extra digital companies to reach new clients and goals to do 70% of its enterprise on-line. But it’s also banking on a variety of recent companies to ship progress, from renting furnishings to changing into a residential landlord, and sees an growing shift from retail gross sales to companies, finally seeing 40% of its income coming from such provision. In her first broadcast interview, the chairman Sharon White, has been chatting with our enterprise correspondent Emma Simpson.

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