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John Lewis increases shop floor staff pay by 6.9 percent

The John Lewis Partnership has announced a 108 million pound pay investment to increase the wages of its shop floor staff by 6.9 percent across department store, John Lewis and supermarket chain, Waitrose. In a statement, the retail group said that the hourly shop floor pay rises from April 1 would be the equivalent of 1,600 pounds a year for...

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Unwrapping in 2025 - Leadership overhauls beckon fresh beginnings: The turnaround strategies of new CEOs

2024 seemed to take shape as a period of transition for many of the industry’s biggest players as they looked to swiftly, yet effectively, turn around lacklustre financials and return to growth, profitability or both. To lead such strategies, many took to overhauling their leadership teams, naming new CEOs in the process who have come in guns...

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