Waitrose profits dip as part of John Lewis Partnership

Waitrose profits dip as part of John Lewis Partnership

The John Lewis Partnership, which owns Waitrose, has announced a 98.8% dip in half-year profits to £1.2m for the six months to 28th July. The partnership has said the pressure on gross margin has predominantly been from its commitment to maintain price...
Waitrose announces the disposal of stores

Waitrose announces the disposal of stores

The John Lewis Partnership has announced the next phase of its future strategy, and confirmed that five Waitrose stores will be closing. The next phase of its strategy is designed to develop and strengthen the whole business. The reason behind the closures is said to...
Waitrose profits dip as part of John Lewis Partnership

Amazon rumoured to be looking to acquire Waitrose

Reports that Amazon tried to start talks on buying Waitrose from the John Lewis Partnership surfaced over the weekend. An article in the Sunday Times suggested Amazon is attempting to take over the Waitrose grocery stores. With Amazon being an online-focused business...
Waitrose announces the disposal of stores

Waitrose profits slip despite increase in sales

Profits at Waitrose took a 32.1% hit, as the retailer decided not to pass on all cost price inflation to customers, along with investments in “customer experience” for the half year ended 29th July. John Lewis Partnership, which Waitrose is part of, revealed that the...