The retail group John Lewis recorded a profit growth of 73 percent to 97 million pounds for the financial year until January 25, 2025.
Despite this significant increase in profit, the company has decided to do without the release of employees for the third year in a row. Instead, the income achieved should be invested in the strategic transformation of the company and in an improved remuneration for the workforce.
Chairman Jason Tarry was optimistic about the current corporate development and explained: “These solid results show that our customers: Inside our investments in high -quality products, attractive pricing and excellent service. For the future I see great growth potential for our brands Waitrose and John Lewis. “
John Lewis is increasingly investing in corporate development and salary increases
The current business results mark a significant financial improvement for the retail group, which includes both the department store John Lewis and the Waitrose supermarket chain.
The waiver of employees: Interior bonuses is part of a comprehensive investment strategy: The company plans to provide £ 114 million for salary increases for their 69,000 employees and to invest up to £ 600 million in far-reaching transformation measures for the entire business.
John Lewis recently announced a salary increase of 7.4 percent for his employees: inside.
John Lewis asserts himself despite the challenging market environment
The business results show a persistently positive sales development. Total turnover rose by three percent to £ 12.8 billion, while the operational profit margin increase to two percent – compared to 1.1 percent in the previous year. The sales of the John Lewis brand remained stable at 4.8 billion British pounds, while the adjusted operating result was 45 British millions of pounds – a considerable result in view of the difficult market conditions in retail.
The company attributes this positive development to targeted investments in customers: internal added value, including the reintroduction of the well-known “Never Knowingly Underold” promise, improved customer service and an extended product range. While the first half of the year recorded slight sales and result declines due to growth investments, a strong second half of the year ensured a recovery and ultimately an increased sales and operating result.
With a view to the future, John Lewis continues to expect macroeconomic challenges, but is confident about his strategic orientation and predicts further profit growth for the 2025/26 financial year.
This article was used with digital tools translated.
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