John Lewis is a chain of high-end department stores in the UK, which forms the employee-owned mutual organisation John Lewis Partnership with Waitrose. The cooperative was created by John Spedan Lewis, son of founder John Lewis, in 1929. The first department store was opened in London in 1864. The chain has promised since 1925 that it is "never knowingly undersold" – it will always at least match a lower price offered by a national high street competitor. In October 2019, the partnership unveiled plans to create one unified group executive team as part of its wider integration, which includes developing a single strategy and common technology platforms. The department store retailer has pushed technology up the agenda in recent years and it has emerged as a leader in the industry’s journey towards a fully omnichannel environment. John Lewis now generates nearly half of its sales online. Since 2007, the John Lewis Christmas advert has become an annual tradition in British culture, signifying to many the beginning of the festive season.
2020-01-21T11:59:00+00:00By Grace Bowden
John Lewis has reported a decline in its weekly sales as demand for Clearance items tailed off and home sales dropped.
2020-01-09T16:22:00+00:00By George MacDonald
When new chair Dame Sharon White walks through the doors of John Lewis Partnership’s headquarters for the first time next month, she will not be welcomed by all the members of the executive team she expected.
Total sales at John Lewis department stores and sister grocery specialist Waitrose slipped over Christmas and longstanding director Paula Nickolds is to leave.