Remove Department Stores Remove Returns Remove Value Offer
article thumbnail

Has John Lewis Partnership finally turned a corner with its ‘refreshed’ turnaround plan?

Retail Gazette

Despite only just returning to the black, Kankiwala says the partnership is “absolutely on target” to increase its profits tenfold to £400m by 2027/28. Sister chain John Lewis will also be receiving new store fits in some of its locations. We’ve secured the funding we need for the four years of the plan.

Planning 111
article thumbnail

Wiser Insights: Navigating 2023’s Online Back-to-School Retail Trends

Wiser

The convenience, variety, and value offered by online platforms presents a compelling proposition for consumers. Furthermore, the COVID-19 pandemic has played a significant role in this shift, with safety concerns prompting many to avoid crowded department stores.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

As John Lewis Partnership promises ‘significantly higher’ profits, why is it feeling so positive?

Retail Gazette

This time around the department store is using AI to help it match its prices to those at 25 retailers, including M&S, Next, Boots and AO.com. It spent £39m on price cuts in the half to bolster its value offer and win back the customers it lost as shoppers sought cheaper groceries elsewhere amid the cost-of-living crisis.

article thumbnail

Marks & Spencer Reports Strong Full-Year Results for 2024

365 Retail

It aims to continue its expansion into the convenience food sector and strengthen its position in the clothing market with innovative and fashionable product offerings. This marks a return to dividend payments after a suspension due to the pandemic, signalling a positive outlook for shareholders. M&S also announced a dividend of 9.8