John Lewis Partnership
Apparel and textile industry company news
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John Lewis to close eight stores and pilot smaller formats
UK department store chain John Lewis Partnership has announced plans to close eight stores and look to pilot smaller neighbourhood shops as the retailer continues to find ways to cut costs.>
John Lewis funds project to safeguard Mongolia cashmere
John Lewis & Partners has announced plans to fund a three-year programme in Inner Mongolia in a bid to safeguard the future of the cashmere sector.>
John Lewis to close a further eight stores?
UK department store chain John Lewis Partnership is reported to be preparing to close a further eight stores as the retailer continues to find ways to cut costs.>
John Lewis ups FY profit guidance
Department store operator John Lewis Partnership has raised its full-year profit forecast on the back of a better than expected festive trading season>
John Lewis embarks on more cost cuts to fuel growth
Retailer the John Lewis Partnership is embarking on a new five-year plan aimed at delivering GBP400m (US$517.8m) profit by 2025 and investing in more digital and virtual shopping services.>
John Lewis axes bonus as losses slump to GBP635m
John Lewis & Partners has said it will not pay a staff bonus next year as it revealed a loss before tax in the first half of GBP635m (US$822m). >
John Lewis reviews replacing price pledge
John Lewis & Partners has indicated it could replace its 'Never Knowingly Undersold' price promise as part of sweeping changes being made by the UK department store retailer.>
John Lewis launches new framework for UK suppliers
John Lewis & Partners is rolling out a new progressive supplier engagement programme to all of its 120 UK manufacturing suppliers in a move that replaces traditional ethical audits and aims to create more rewarding jobs for the people who make John Lewis own brand products.>
John Lewis Partnership in push to become digital first
John Lewis & Partners says it is working to become digital first as it looks to continue simplifying how the business works, with plans to add extra services outside of retail and consider acquisitions to grow the company.>
Fashion industry efforts to address global PPE shortages – Update
Texollini, Chargeurs*PCC Fashion Technologies, and Crystal International are among the latest fashion firms to mobilise their production facilities and supply chains to help address the global shortage of personal protective equipment (PPE), including face masks and hospital gowns, amid the coronavirus (Covid-19) pandemic. >
Eight John Lewis stores set to permanently close
Eight John Lewis stores will permanently shutter as the group presses forward with a major business strategy review.>
Retailers begin to outline store reopening plans – Update
Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.>
John Lewis warns FY sales could tumble 35%
UK high street department store John Lewis is accelerating its strategic review to be completed by the summer in light of the global pandemic, as it warns full-year sales could decline by as much as 35%.>
Global retail closures as coronavirus spreads – Update
A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. >
John Lewis reports FY profit tumble, launches strategic review of business
UK high street department store John Lewis is launching a strategic review of its business following a full-year profit tumble of 23% year-on-year.>
Potential stores closures looming at John Lewis?
The John Lewis Partnership's new chairman Sharon White has warned of possible job losses and store closures during what she says marks the "most challenging period" in its 156-year history.>
John Lewis managing director to depart amid FY profit warning
Paula Nickolds is to step down as managing director of John Lewis & Partners amid a drop in sales during the key Christmas trading period and a warning that full-year profit at the Partnership will be "significantly" lower than last year. >
John Lewis pilots buy-back clothing initiative
UK department store retailer John Lewis & Partners has become the latest retailer to adopt a circular initiative aimed at combatting clothing waste destined for landfill.>
John Lewis restructuring to hit a third of top roles
The John Lewis Partnership is to merge its two businesses under one executive team, resulting in the loss of a third of the group's senior management roles.>
Fashion sales boost fails to lift John Lewis Partnership
Investment in its fashion ranges contributed to strong revenues for the category at department store retailer John Lewis & Partners – but it was not enough to offset a slump in first-half sales and earnings as the tough trading environment took its toll on consumer spending.>
John Lewis names Sharon White new chairman
The John Lewis Partnership has named Sharon White as its new chairman, succeeding Sir Charlie Mayfield.>
Modest Christmas for John Lewis as warns on FY profit
The John Lewis Partnership has reported a rise in both revenue and like-for-like sales over the Christmas trading period, but not enough to offset a warning from chairman Sir Charlie Mayfield that annual profits are set to be "substantially" lower this year.>
Brands take action to end modern slavery in UK factories
John Lewis, M&S and Next Plc are among a raft of British fashion retail giants to have signed a joint agreement with enforcement bodies to try to combat the exploitation of workers by UK fashion and textile manufacturers.>
John Lewis chairman Sir Charlie Mayfield to step down
The John Lewis Partnership has announced its chairman, Sir Charlie Mayfield, will step down in 2020.>
John Lewis proposes 200 job cuts amid rebrand
UK department store retailer John Lewis has put around 200 back-of-house jobs at risk of redundancy as the company launches a multimillion-pound rebrand.>
John Lewis FY profits tumble 77%
A "particularly strong" performance in womenswear led The John Lewis Partnership to a 3.2% sales increase in its fashion division for the full year but it was not enough to offset a 77% drop in group earnings.>
M&S procurement head to join John Lewis
UK department store group John Lewis has appointed Marks & Spencer's head of procurement, Roger Davies, as its group procurement director after nearly a decade with the retailer.>
John Lewis warns on FY profit despite Christmas sales hike
Despite a sales rise in the Christmas trading period, the John Lewis Partnership has issued a profit warning for the full year as the pressure on margin seen in the first half has intensified.>
John Lewis rolls out 'concierge style' shopping experience
UK department store group John Lewis is to offer customers a new 'concierge style' shopping experience at its Oxford store as part of its plans reinvent the department store.>
John Lewis applauds "standout" H1 womenswear sales
The John Lewis Partnership has reported "standout" demand for its womenswear that led to a 3.5% sales increase in its fashion division for the first half of the year. >
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