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A tale of two fascias for the John Lewis Partnership as Waitrose strides ahead, says GlobalData

Published on Following today’s release of John Lewis Partnership results for FY2020/21; Zoe Mills, senior retail analyst at GlobalData, a leading data and analytics company, comments: “The John Lewis Partnership’s full-year results highlight parallels to Marks & Spencer, as its food & grocery business drives growth for the department store operator while its John Lewis & Partners arm underperforms, a result that would have been considerably more stark had it not been for its technology division. Despite Dame Sharon White confirming that partners would not be paid a bonus this year, the retailer did have a surprisingly better H2 2020/21 than was previously anticipated as demand over the peak Black Friday and Christmas period grew. However, its respectable group profit before bonus, tax, and exceptional items of £131m, hides the significant increase in exceptional costs (£648m) as it adapted to the COVID-19 pandemic through a greater shift to online as well as restructuring c

Investegate |Lewis(John) PLC Announcements | Lewis(John) PLC: John Lewis Partnership plc Unaudited Results

Investegate |Lewis(John) PLC Announcements | Lewis(John) PLC: John Lewis Partnership plc Unaudited Results
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

John Lewis to permanently close more branches as it loses £517million

John Lewis to permanently close more branches as it loses £517million
plymouthherald.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plymouthherald.co.uk Daily Mail and Mail on Sunday newspapers.

John Lewis to permanently close more branches as it loses £517million

John Lewis to permanently close more branches as it loses £517million
walesonline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from walesonline.co.uk Daily Mail and Mail on Sunday newspapers.

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