John Lewis says Streets successor will be announced “in due course”

John Lewis says Street's successor will be announced “in due course”

Andy Street, the managing director of UK department store retailer John Lewis, has stepped down from his role following a 31-year career with the group. 

Street will leave the partnership on 28 October to take up a career in politics. He confirmed this week he has been selected as the official Conservative Party candidate for the office of mayor of the West Midlands.

John Lewis says Street's successor will be announced "in due course".

"Andy has led John Lewis brilliantly and leaves the brand with great momentum for the future. I would like to thank him for his passionate contribution to the Partnership," says Sir Charlie Mayfield, chairman of the John Lewis Partnership.

Street said of his move: "It has been a privilege to lead John Lewis through a transformational period in the retail industry, and I am confident we have built a business which will continue to thrive while being loyal to its principles. The success of John Lewis is down to the hard work and dedication of thousands of partners across the country, and I know they will continue to serve our customers with distinction."

In its last fiscal year, John Lewis saw growth in fashion sales and an increase in the division's market share, thanks to investment in its brands.

Fashion sales were up 6.2% in the 52 weeks ended 30 January, boosted by the group's strategy of combining signature own-labels, an edited selection of brands, and exclusive collaborations. Men's wear sales climbed 8.8%, while women's wear grew 6.5%.

John Lewis FY fashion sales boosted by investment