14.7 C
New York
Monday, October 19, 2020
Home Business John Lewis chairman Sharon White targets new services to deliver growth |...

John Lewis chairman Sharon White targets new services to deliver growth | Daily’s Flash

John Lewis is set for a big shake up. The 91-year-old partnership, which includes Waitrose, has seen a slump in profits and has been forced to cancel the staff bonus for the first time since 1953.

With more shoppers having moved online during the pandemic, John Lewis is now looking to offer more virtual services to reach new customers and aims to do 70% of its business online.

But it is also banking on a range of new services to deliver growth, from renting furniture to becoming a residential landlord, and sees an increasing shift from retail sales to services, eventually seeing 40% of its profits coming from such provision.

In her first broadcast interview, the chairman Sharon White, has been speaking to our business correspondent Emma Simpson.

Join our telegram channel

Source link

DONATE TOWARDS OUR CAUSE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
John Lewis chairman Sharon White targets new services to deliver growth | Daily’s Flash newspaper rec300 2x

Most Popular

Donald Trump’s latest message to suburban women? I fixed the dishwasher! | Daily’s Flash

DONATE TOWARDS OUR CAUSE Join our telegram channel Which brings me to a Trump campaign rally on Sunday night in Nevada. And Trump's latest attempt to...

Ilkeston Town v Hartlepool United: FA Cup qualifier live on BBC Sport| Daily’s Flash

The first round proper of the FA Cup will start on 7 NovemberHartlepool United's trip to Ilkeston Town in the FA Cup fourth qualifying...

Sen. Ernst has ‘full support’ of Iowa Farm Bureau after fake email says otherwise | Daily’s Flash

The Iowa Farm Bureau Federation reiterated its support for Republican Sen. Joni Ernst on Sunday after an anonymous Twitter account said otherwise.  A fake...

Elliott Gould reflects on past marriage to Barbra Streisand: ‘She became more important than us’ | Daily’s Flash

Elliott Gould knows exactly why his marriage to Barbra Streisand didn’t last.After eight years and a son, the most popular couple of the 1960s decided...

Recent Comments