John Lewis to end £10m pension top-ups as scheme swings to surplus

John Lewis Partnership says turnaround to take extra two years after £59m loss

The John Lewis Partnership added that investment in its strategy and customers was going to ‘take precedence’ over its annual bonus for staff.

John Lewis says turnaround delayed by two years

John Lewis Partnership's turnaround will take two years longer than planned and cost more money, the British retailer warned today, as stubborn inflation and rising interest rates batter shoppers and store groups alike.

Lidl blames loss on opening new shops and rising costs

The discount supermarket saw a jump in its sales but says costs increased "across the board"

John Lewis Partnership says turnaround to take extra two years after £59m loss

The John Lewis Partnership added that investment into its strategy and customers was going to ‘take precedence’ over its annual bonus for staff.

John Lewis to end £10m pension top-ups as scheme swings to surplus

A series of £10m annual contributions by the embattled owner of Waitrose is to end after the latest triennial valuation of its pension fund, Sky News learns.

John Lewis Partnership Extends Turnaround Programme by Two Years

The John Lewis Partnership has announced that it will require an additional two years to achieve its target of reaching a sustainable annual profit of £400m. This is a setback in its five-year turnaround programme, bringing the new deadline to the 2027-28 financial year. The company attributes the delay to cost inflation and higher-than-anticipated expenditure on technology. However, there are positive signs in its trading figures. The pre-tax, …