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John Lewis Profits fall by 99%

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By (user no longer on site) OP   
over a year ago

Again this is just one company blaming everything on Britain’s exit from the EU

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By (user no longer on site)
over a year ago


"Again this is just one company blaming everything on Britain’s exit from the EU "

As opposed to looking inwards and not moving their business model with the times ?

It can't be coincidence that the Department Stores are the ones that seem to be struggling the most at the moment

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By *crumdiddlyumptiousMan
over a year ago

.

I don't know about the profits but the Bohemian Rhapsody advert is great

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By (user no longer on site) OP   
over a year ago


"I don't know about the profits but the Bohemian Rhapsody advert is great"

That advert is so shit.. I blame the advert for the fall in profits not the prosperous brexit

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By *lem-H-FandangoMan
over a year ago

salisbury

I'm free!

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By (user no longer on site) OP   
over a year ago


"I'm free! "

Please explain so people don’t get the wrong end of your stick

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By *ove3funCouple
over a year ago

Cheltenham

The quality of their stuff isn't as high as the price... that isn't Brexit's fault

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By *heDesiCandiTV/TS
over a year ago

Leicester

Could it also be that everyone is saving their money for that no deal moment

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By *kmale201633Man
over a year ago

Southampton

Damn the interest rate change that has made purchasing way more expensive. Mass coincidence it happened straight after the vote.

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By (user no longer on site) OP   
over a year ago


"Damn the interest rate change that has made purchasing way more expensive. Mass coincidence it happened straight after the vote. "

Do you mean the drop in currency value?

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By *r MoriartyMan
over a year ago

The Land that time forgot (Norfolk)

Who actually goes in shops these days? I remember my Dad taking me in a department store once during the Gulf War and we had to talk to someone, didn't enjoy it.

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By (user no longer on site)
over a year ago

HA get REKT

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By *mmabluTV/TS
over a year ago

upton wirral


"Again this is just one company blaming everything on Britain’s exit from the EU "
Think the internet is far more to blame.

If we have a bad cold winter probably be because we are leaving the EU,if the cat dies be because we are leaving the EU it is pathetic.

Maybe it is because they are overpriced,paying top rents in the high street etc

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By *dward_TeagueMan
over a year ago

wolverhampton

They’ve had to cut prices to compete with competitors who’d cut prices. This will inevitably impact on profits and also suggests the mark up that John Lewis have is HUGE. Ironic that their largest competitor went into administration.

Ultimately it’s poor management from John Lewis, chasing short term income at the expense of long term prosperity. They must have known that The House of Fraser business model was flawed but decided to go after short term income rather than sitting tight and reaping the benefits now.

They deserve everything that they get.

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By *entaur_UKMan
over a year ago

Cannock


"Again this is just one company blaming everything on Britain’s exit from the EU Think the internet is far more to blame.

If we have a bad cold winter probably be because we are leaving the EU,if the cat dies be because we are leaving the EU it is pathetic.

Maybe it is because they are overpriced,paying top rents in the high street etc"

Seems Brexit has become a convenient scapegoat for a lot of struggling companies. Let's just not talk about the clear change in consumer habits to buy online now rather than visit department stores.

Maybe John Lewis could also save a few quid by not spending ridiculous amounts on those naff adverts.

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By *ophieslutTV/TS
over a year ago

Central

I would have been enjoying my new large TV from them right now - their price was a couple of hundred quid dearer than a national chain do asked them to price match. They agreed to match it but said I should pay their higher price and they'd refund the difference after the cooling off period ended. So they think it's attractive to pay them a few hundred pounds more, to get it refunded weeks later

Stupid! Their prices are a bit too high and they aren't particularly special.I'm assuming the second half of the year will be stronger

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By *oncupiscentTonyMan
over a year ago

Kent

I think most people who knock John Lewis and Waitrose haven't even stepped foot in one

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By *oncupiscentTonyMan
over a year ago

Kent


" They agreed to match it but said I should pay their higher price and they'd refund the difference after the cooling off period ended. So they think it's attractive to pay them a few hundred pounds more, to get it refunded weeks later

"

No different to Curry's and their cashback prices though is it really

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By (user no longer on site) OP   
over a year ago


" They agreed to match it but said I should pay their higher price and they'd refund the difference after the cooling off period ended. So they think it's attractive to pay them a few hundred pounds more, to get it refunded weeks later

No different to Curry's and their cashback prices though is it really"

Only Argos left

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By (user no longer on site)
over a year ago

It's not so much a shop as a cult.

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By *htcMan
over a year ago

MK

Overpriced. All these stores who have sky high prices will go bankrupt.

I haven't been to a shopping centre in about 7 years. Always cheaper online delivered next day than go to the shop.

Many more stores will go.

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By (user no longer on site)
over a year ago


"I'm free! "
Oh Mr Humphries

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By (user no longer on site)
over a year ago

It’s more to do with shopping habits. I buy most stuff online, either Amazon or EBay, the only shops I go to are supermarkets for my groceries. The shops need to move with the times.

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By (user no longer on site)
over a year ago

There's a John Lewis local to me. I occasionally go in as bizarrely it has a running section so it can be convenient. The things that always strikes me is that while the local middle classes and blue rinses seem to like browsing there is never a queue at the tills and just how many staff are in there compared to customers.

I think they are fucked, profits dropping consistently, outdated business model and judging by the volume of staff and their surprisingly generous salaries they get, huge overheads. It's not sustainable

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