Business Communication Essay

286 WordsJun 24, 20122 Pages
Nazar Mohamed Unit 4 Assignment 2 Task 1 John Lewis partnership is one of the UKs leading retail, with 29 John Lewis plc department stores, 8John Lewis at home stores, john lewis.com, 246 Waitrose supermarkets, 31 Waitrose convenience stores, waitrose.com and business to business contacts in the UK and abroad. John Lewis has achieved a good sales performance in a tough year for the economy. Profits are lower than last year, but better than expected. For John Lewis Partnership gross sales up £ 523m, 6.4%, to £ 8.73bn- sales excluding VAT up £400.5m, 5.4% to £7.86bn- Group operating profit down £38.3m, 8.9%, to £391.0m- profit before partnership bonus and tax down £14.3m, 3.9%, to £353.3m- partnership Bonus of £165.2m; 14% of salary (equal to over 7 weeks pay). John Lewis grew sales against the background of a challenging market and a changing market retail non-food environment. Gross sales up £97.4m, 3.0%, to £3.33bn- like-for-like sales up 1.3% (down 0.6% excluding VAT) - john lewis.com sales up £141.7m, 26.3%, to £680.8m (up £111.2m, 24.2% excluding VAT) - operating profit down £40.5m, 20.4, to 157.9. During the year John Lewis launched more new products than ever before, spanning over 30 new brand introductions, new own brand ranges, and more designer collaborations. John Lewis also continued to transform presentation in fashion. John Lewis is the Official Department Store provider to this year’s London 2012 Olympic and Paralympics’ Games and is looking forward to the important part to be played in the future of Stratford as a vibrant retail centre in

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