Is John Lewis on the right track to catch up to M&S?
John Lewis Partnership is making headway on its turnaround plan as the employee-owned business reported its profits had tripled in the last year to £126m.
The figure might be a promising sight following three successive years of losses, but recently appointed chair Jason Tarry warned the business still has “a lot of catch up investment to do” across its store estates, supply chains, technology and overall efficiency.
By Tarry’s own admission, the high street stalwart stil
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