JOURNAL ARTICLE

John Lewis Profit Jumps as Turnaround Plan Wins Back Shoppers.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Meddings, Sabah 3 of 3

Abstract

John Lewis Partnership Plc saw a significant increase in profits by implementing a turnaround plan that focused on lowering prices, modernizing stores, and opening new supermarkets. Under the leadership of Jason Tarry, the company's annual profit before tax and exceptional items tripled to £126 million. Despite the positive financial results, John Lewis decided not to provide an extra annual payment to staff, opting instead to invest up to £600 million in updating stores and improving its supply chain. The company has not paid a bonus to partners for the past three years, choosing to invest in pay increases for employees instead. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/03, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:183695168
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