John Lewis Partnership warns staff at the annual profit target


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John Lewis Partnership warns staff that may miss it an annual profit target after a lack of running to Christmas.

the Employee-owned groupwho owns John Lewis and Waiterose, speaking of its workers who will never hit a profit target for £ 131mn for a year of chains lost in the grainstors on the moon by December 21.

Update is not sold in Christmas week trading, when dealers often create large amounts of money, but it reveals challenges facing challenges New chair jason to stay As he attempted to strengthen the brands after a challenging time for the group and continued loss.

It also identifies bad news for 73,000 workers, waiting to know if they receive an annual bonus when the group shared annual results in March. The company used to say it would not pay a bonus unless it hit £ 150mn in the income after it was scrapping the benefit of the first time since 1953.

The group should argue with COVID-19 The pandemic and a period of high inflation while trying to improve trade among opponents competition from opponents that are reached by staff together the business around.

The former chief executive of the group, Nish Kan believes, too warned last year That increase in National Insurance Attorutions announced by the Government to be implemented by April which means “tens of millions of pounds of extra costs for the dealer from 2025.

John Lewis Partnership states a statement that it remains track of annual pre-unique pre-exceptional profits than last year – an external target shared in September.

Half of the year loss before taxpondered 49 percent up to £ 30mn for six months until July 27, from £ 59mn at the same time in the same period last year.

Internal trading update was first reported in telegraph.

Nick Bubb, an independent retail analyst, saying “If things are so good to John Lewis and Waitrose we don’t keep an update of Christmas, even if the company doesn’t usually share one.

In fact, the group has changed £ 300mmg of debt because of this month, according to two people familiar with this matter, by step more to strengthen its balance.

Unusual employee-owned structure means handling has limited ability to raise money outside.



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