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JOHN LEWIS ENJOY PROFITS BOOST
The John Lewis Partnership have announced an encouraging jump in profits of 9.7% for the year ending January 2010.
The pre-tax figure of £27m means that all John Lewis employees will be looking forward to a 15% bonus in their pay packets.
The recession hit John Lewis’ expansion plans hard as they put plans to expand their department store chain on hold until customer confidence returned. Instead they focused on their John Lewis Home concept, opening the first retail-based store in Poole in 2009, with another to follow in Croydon. The format has proved very popular with plans for another 50 in the pipeline.
Charlie Mayfield, chairman of John Lewis Partnership, said; “'This was a year of profound change across the Partnership and the resilience and flexibility of our business model has underpinned a market leading performance. We have continued to invest, innovate and grow, emerging from the recession in a stronger competitive position.”
Sample Entry
Asda Stores Ltd
|
Asda House, Great Wilson Street, Southbank, Leeds, United Kingdom |
|
| Telephone: |
0113 241 9833 |
| Fax: | 0113 241 8666 |
| Website: | www.asda.co.uk |
| Product/Activity: |
Internet, Multiple Retailer, Out of Town |
| No. of Branches: | 350 |
| Branch Region: | Nationwide, Nationwide |
| Number of Staff: | 1001+ |
| Turnover: | 100M + |
| Chief Executive |
Mr Andy Bond (Chief Executive) |
| Managing Director |
Mr Mike Logue (Managing Director, Non-Food Format) |
| Finance |
Ms Judith McKenna (Finance Officer) |
| Buyer |
Ms Fiona Lambert (Brand Director, George, Acting Head of Design, Buy) |
| Also Including 19 staff and 3 other buyers | |
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Statistics
Employment in the retail sector has fallen by over 76,000 in the last five years
