John Lewis Partnership has rolled out a three-year plan, internally called "Rise", designed to return the employee-owned retailer to a market-leading position, according to internal staff communications reviewed by the Financial Times (FT).
Led by partnership chair Jason Tarry, the initiative is aiming for more than £100m ($135.1m) in additional profit through a "joined-up" strategy across the group's John Lewis and Waitrose loyalty schemes, encompassing Little Treats and Beauty in My John Lewis.
The partnership is also pursuing £180m in annual profit from its retail media arm.
John Lewis intends to nearly double the number of customers using its money services, from 1.2 million to two million.
The group is also targeting roughly £500m in property portfolio growth over the next decade through freehold purchases and lease renegotiations.
#lewis
Led by partnership chair Jason Tarry, the initiative is aiming for more than £100m ($135.1m) in additional profit through a "joined-up" strategy across the group's John Lewis and Waitrose loyalty schemes, encompassing Little Treats and Beauty in My John Lewis.
The partnership is also pursuing £180m in annual profit from its retail media arm.
John Lewis intends to nearly double the number of customers using its money services, from 1.2 million to two million.
The group is also targeting roughly £500m in property portfolio growth over the next decade through freehold purchases and lease renegotiations.
#lewis
6 days ago
