19.7 C
New York
Thursday, October 22, 2020

John Lewis chairman Sharon White targets big push to online sales

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.

Source link

Related Articles

Nigeria protests: The misinformation circulating online

*:not():not(style) ~ *:not():not(style){margin-top:1rem;}]]>By Peter MwaiBBC Reality CheckRelated Topics *{margin:calc(0.5rem / 2);}]]>Reality Checkimage copyrightReutersimage captionProtests about the Sars police unit have been going...

Nagorno-Karabakh: The three-year-old orphaned by war

Three-year-old Hadija is now an orphan. Her mum, dad and older sister were killed in a missile strike by Armenian forces on their...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

2,730FansLike
263FollowersFollow

Latest Articles

Nigeria protests: The misinformation circulating online

*:not():not(style) ~ *:not():not(style){margin-top:1rem;}]]>By Peter MwaiBBC Reality CheckRelated Topics *{margin:calc(0.5rem / 2);}]]>Reality Checkimage copyrightReutersimage captionProtests about the Sars police unit have been going...

Nagorno-Karabakh: The three-year-old orphaned by war

Three-year-old Hadija is now an orphan. Her mum, dad and older sister were killed in a missile strike by Armenian forces on their...

Nearly one in ten furloughed staff were asked to work

But the NAO said that a fraud hotline set up by the tax authorities, HMRC, received over 10,000 reports of contraventions, while its...

Fabric responds to temperature changes and other news

BBC Click’s Jen Copestake looks at some of the best technology news stories of the week including:Facebook rejects 2.2 million adverts for breaking...