Food and Staples Retailing
Company Overview of John Lewis Partnership plc
John Lewis Partnership plc engages in the retail business in the United Kingdom. The company operates stores under the brands John Lewis and Waitrose. Its John Lewis stores offer fashion, beauty, home, giftware, electrical, and technology products; and treatments for nails, brows, and lashes, as well as facials, massages, waxing, and tanning. The company’s Waitrose stores offer a range of products, including fruits, vegetables, bacon, sausages, ice cream, wines, cheeses, and honey; vitamin and mineral tablets; organic milk, eggs, mince beef, Scottish salmon fillets, and chicken; and bulbs, seeds, flowers, plants, tools, and garden care products. It operates 31 John Lewis department stores, 1...
London, SW1P 1BX
Founded in 1864
Key Executives for John Lewis Partnership plc
Managing Director and Director
Executive Chairman, Managing Director of Department Stores and Chairman of Chairmans Nominations Committee
Finance Director and Director
Deputy Chairman, Lead Director of Crisis Management Team and Managing Director of Waitrose
Compensation as of Fiscal Year 2015.
John Lewis Partnership plc Key Developments
John Lewis plc Announces Consolidated Unaudited Earnings Results for the Six Months Ended August 01, 2015; Provide Earnings Guidance for the Year 2015
Sep 10 15
John Lewis plc announced consolidated unaudited earnings results for the six months ended August 01, 2015. For the period, the company reported revenue of £4,547.2 million against £4,461.2 million a year ago. Operating profit before exceptional item was £144.9 million against £176.1 million a year ago. Operating profit was £272.9 million against £176.1 million a year ago. Profit before partnership bonus and tax was £224.0 million against £129.8 million a year ago. Profit before tax was £224.0 million against £129.8 million a year ago. Profit for the period was £172.5 million against £97.1 million a year ago. Profit before partnership bonus, tax and exceptional items were £96.0 million against £129.8 million a year ago. Net cash generated from operating activities was £184.7 million against £69.1 million a year ago. Purchase of property, plant and equipment was £166.8 million against £268.6 million a year ago. Purchase of intangible assets was £71.1 million against £63.5 million a year ago. Net debt was £664.6 million, a decrease of £57.1 million (7.9%) in the half year and £30.2 million (4.3%) lower than 26 July 2014. Net debt decreased year-on-year, despite the issue of a £300 million 4.25% bond in December 2014 with net proceeds contributed to the pension scheme. Capital investment in the first half of the year was £237.9 million, a decrease of £94.2 million (28.4%) on the previous year. However, have continued to increase investment in IT and distribution, which now represents 48% of total capital investment.
The company expect to see profit before partnership bonus, tax and exceptional of between £270 million and £320 million, versus £342.7 million last year. Despite this, through tight cash management, The company expects to achieve a further reduction in net debt.
John Lewis Partnership Plans to Launch New In-Store Spa Concept
Aug 7 15
John Lewis Partnership plc has announced plans to launch a new in store beauty spa concept called &Beauty. Revealed for the first time at the retailer's new multi-million pound Birmingham shop when it opens on Thursday 24 September, the new John Lewis branded venture will provide salon services combined with spa treatments. In a first for the retailer, customers will be able to choose from more than 100 treatments with trained stylists and therapists across hair, beauty and spa ranges. This includes everything from express treatments such as manicures, blow dries, pedicures and waxing through to more indulgent offers like facials, massage and hair colour. Furthermore, a number of unique treatments have been designed for John Lewis and customers will also be able to relax before and after treatments in the dedicated Relaxation Area. The new concept is the latest step in the retailer's ambition to expand the services and experiences within its shops.
John Lewis Partnership plc Announces Management Changes
Jun 18 15
John Lewis Partnership plc announced management changes. Patrick Lewis, currently a member of the Board as Managing Director of Partnership Services, is to become the Group's Finance Director with effect from 14 September 2015, succeeding Loraine Woodhouse who was appointed Acting Group Finance Director on 1 December 2014. Tom Athron, currently Finance Director of Waitrose, is to join the Board as Group Development Director on 5 October 2015. He will be succeeded as Finance Director of Waitrose by Loraine Woodhouse.
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