Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.
John Lewis
Latest News & Analysis
Retail
John Lewis To Cut 1,500 Head Office Jobs
The British retailer said the move was part of its strategy to return to sustainable profit by 2025.
John Lewis To Cut 1,500 Head Office Jobs
The British retailer said the move was part of its strategy to return to sustainable profit by 2025.
Workplace & Talent
Power Moves | Nike Names New Diversity Chief
This week, Felicia Mayo, former head of diversity at Tesla, replaced Kellie Leonard in a similar role at the American sportswear giant.
Power Moves | Nike Names New Diversity Chief
This week, Felicia Mayo, former head of diversity at Tesla, replaced Kellie Leonard in a similar role at the American sportswear giant.
Retail
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
John Lewis Set to Close Eight Stores and Cut 1,300 Jobs
The move follows as the British department store chain focuses on e-commerce, which is set to represent around 60 to 70 percent of its total sales this year and next.
Workplace & Talent
Power Moves | Hunter Creative Director Departs, LOVE Names Senior Editor
This week, Alasdhair Willis exited the British heritage brand, while LOVE appointed Pierre A. M’Pelé, aka Pam Boy, as its senior editor.
Power Moves | Hunter Creative Director Departs, LOVE Names Senior Editor
This week, Alasdhair Willis exited the British heritage brand, while LOVE appointed Pierre A. M’Pelé, aka Pam Boy, as its senior editor.
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Retail
John Lewis Full-Year Sales Could Fall 35%
Sales at the department stores were down 17 percent year-on-year since the middle of March.
John Lewis Full-Year Sales Could Fall 35%
Sales at the department stores were down 17 percent year-on-year since the middle of March.
Retail
John Lewis Poaches Boss of Telecoms Regulator to Be New Chairman
Sharon White will be John Lewis' sixth chairman and the first woman to hold the high-profile position in the retailer's 155-year history.
John Lewis Poaches Boss of Telecoms Regulator to Be New Chairman
Sharon White will be John Lewis' sixth chairman and the first woman to hold the high-profile position in the retailer's 155-year history.
Retail
John Lewis Cuts Employee Bonus to Lowest Since 1953
The cuts underscore the depth of Britain's current retail crisis.
John Lewis Cuts Employee Bonus to Lowest Since 1953
The cuts underscore the depth of Britain's current retail crisis.
Financial Markets
Last-Minute Demand Boosts John Lewis Christmas Sales
Britain's biggest department stores operator said demand was 'very strong' on Christmas Eve, indicating that shoppers had delayed rather than cut spending.
Last-Minute Demand Boosts John Lewis Christmas Sales
Britain's biggest department stores operator said demand was 'very strong' on Christmas Eve, indicating that shoppers had delayed rather than cut spending.
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Retail
John Lewis Profits Evaporate as Struggling Rivals Slash Prices
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
John Lewis Profits Evaporate as Struggling Rivals Slash Prices
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
Retail
Department Stores to Take Toll on John Lewis Profit
The warning comes after it reported a 22 percent drop in core profit to £289 million for its last financial year in March.
Department Stores to Take Toll on John Lewis Profit
The warning comes after it reported a 22 percent drop in core profit to £289 million for its last financial year in March.
Sustainability
Social Goods | ASOS Bans More Animal Fibres, Fashion Assistants Resist Verbal Abuse
This week, ASOS bans silk, mohair and cashmere, while fashion assistants stand up for their rights.
Social Goods | ASOS Bans More Animal Fibres, Fashion Assistants Resist Verbal Abuse
This week, ASOS bans silk, mohair and cashmere, while fashion assistants stand up for their rights.
Retail
John Lewis Wants to Be the Anti-Amazon
The retailer wants to build more personalised relationships with its customers through concierge-style services, doubling down on everything it says Amazon can’t do.
John Lewis Wants to Be the Anti-Amazon
The retailer wants to build more personalised relationships with its customers through concierge-style services, doubling down on everything it says Amazon can’t do.
The News in Brief
Dior and A24 Announce Two-Year Collaboration
The partnership, which will kick off at the A24-owned, New York-based Cherry Lane Theatre, will comprise live events for film and theatre featuring established and emerging creative talent.
Princess Diana’s ‘Revenge Dress’ Comes to Auction at Sotheby’s
The black silk evening dress by Greek designer Christina Stambolian could fetch close to $300,000.
Macy’s Raises Annual Targets as Bloomingdale’s Drives Growth
The retailer's improved outlook reflects resilience among higher-income shoppers, despite broader economic uncertainty.
American Eagle Shares Slide on Margin Outlook, Weak Sales at Core Brands
Shares slumped over 11 percent in premarket trading Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company's core brands outweighed a second-quarter revenue beat.
Primark to Start Home Delivery as Sales Fall Ahead of Split
The decision is a major about-face for the budget fashion chain as it tries to stem falling sales ahead of its split from Associated British Foods.
Nike Reassures Executives That Its Stock Is Still in the S&P 500
An internal memo reviewed by Bloomberg sought to clear up misunderstandings around the brand’s coming removal from the S&P 100.
Jonathan Cohen Joins J. Mendel as Resident Designer
The New York-based designer is tasked with reviving the 156-year-old luxury fashion house, which filed for Chapter 11 bankruptcy in 2018.