John Lewis is a chain of department stores in the UK which, alongside grocery stablemate Waitrose, forms the employee-owned John Lewis Partnership. John Lewis was formed in 1846 when its eponymous founder opened a drapery shop on Oxford Street. John Spedan Lewis created the “never knowingly undersold” pledge in 1925 and made early moves to establish the partnership business model. Retail Week provides news, analysis, features and opinion about John Lewis and the department stores sector.
Grocery and department stores group John Lewis Partnership posted improved full-year sales and earnings, and restored the famous bonus as they press on with reinvigoration plans.
John Lewis is awarding a bonus of 2% to staff alongside a £108m growth in pay.
John Lewis has said it will turbocharge its approach to AI and social shopping as it aims to become one of the first UK retailers to “fully embrace the new era of retail”.
The John Lewis Partnership is turning its back on ambitions to be a player in the build-to-rent housing market as it doubles down on its core retail operations.
Department stores and grocery business John Lewis Partnership is investing in staff pay “above and beyond the requirements of the National Minimum Wage” and well above inflation.
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