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Not sure how this company will survive this crisis
JLH have just had an RNS out, loss making for this year, not looking good at all, I said this back in November. Customer confidence is lacking due to brexit.
TLH, the auctioneer that handled John Lewis stuff has just gone into admin. Foreseen as coming. Rumoured debts to John Lewis of £1m.
Oh dear... Not looking so great for this company, retail sector challenging, having to update more stores as they are looking tired and outdated, I wonder why the shift in yearly accounts?
Down now from the highs of 3p to 0.8p and further to drop on Brexit.
Operating Profit & ex Wickes Director appointment . . . Onwards and Upwards
strange activity past few days here big drop followed by big rise...cant see any rns though
£4k buys, £2k sells, false spread, can probably buy below 1.10.
:-)
Just saw the RNS and thought Id look in here - not realising I posted last year when it was 1.15p! Went all the way to 3p? Really should hold shares longer! lol. Nice RNS today too - pipeline sounds good. Bet I will look back when this is 11p! :D
thanks, was confused when I saw it!
Good news week perhaps ?
Up a bit more, are we turning the corner?
great rns i believe with that revenue compared to shares in issue! looks good imho
now we see share price move
Look good? As announced on 5th July 2013 the Company continued to trade strongly in the second half of its last financial year. Based on unaudited management information, the Board expect to report sales for the year to 31st August 2013 of approximately £6.5 million resulting in a small underlying operating profit MCAP 2.15M?
Any Info?
I thought they looked at my funny when I asked for an iPod and was offered a frying pan.
John Lewis of Hungerford is a Kitchen Company, not the High St store - DOH!!!
John Lewis has been traditionally held a model image as it is owned by its employees who share in the group's profits. Last month the company posted record high store sales for the holiday period, outperforming high street rivals. The company made 684.8m from sales for the five weeks to December 29th, up 14.8% from the year before.
Britain's biggest department store John Lewis could axe 325 store manager positions despite robust sales. The proposal is part of the chain's long-term growth strategy which includes streamlining its management structures across the group. The company said it has started consultation on the changes which affect managers at all of its department stores. There are four levels of management at stores - a managing director, a steering group, department managers and section managers. The cuts will hit the third level of management and will create some new jobs at the steering group level. If John Lewis decides to go ahead in slashing jobs, it is believed it would mark the most significant cull since 2009 when the company reviewed its overall structure.
John Lewis of Hungerford Sell 13-Aug-12 £25,000.00 John L Lewis 5,000,000 @ 0.50p
UK's Waitrose targets rivals with pricing move 02 May 2012 14:28 LONDON, May 2 (Reuters) – Waitrose, the upmarket supermarket chain owned by John Lewis , has extended its price match guarantee on branded grocery products with industry leader Tesco as it seeks to win more share in the cut-throat British market. In a letter to customers Waitrose managing director Mark Price said the supermarket's prices on branded grocery products were now identical to Tesco's, excluding promotions, extending a brand match on 1,000 lines introduced in September 2010. He said the firm would continue to provide over 1,000 products on offer and would provide free delivery on all online grocery orders of 50 pounds ($81) or more. Waitrose, with a UK market share of about 4.5 percent, has been outperforming rivals for several years. "This decision should help to reassure Waitrose's client base about its base pricing and also nullify some of the benefit that has accrued to (industry No. 3) Sainsbury SBRY.L from what has been a remarkably effective 'Brand Match' initiative," said Shore Capital analyst Clive Black. He noted that Waitrose is also matching online grocer Ocado's OCDO.L price claims versus Tesco, "somewhat nullifying the on-line specialist's value proposition too", while its free delivery offer represents "a material challenge" to Ocado. Ocado's range includes many Waitrose-branded products.
AGM STATEMENT At today's Annual General Meeting (AGM) the Chairman, Malcolm Hepworth will make the following statement: "As envisaged in my statement accompanying our recent financial results we continued to experience challenging trading conditions over the Christmas period with a significant reduction in like-for-like sales. There are signs within our forward order book that this may be beginning to improve but nevertheless we expect to be operating in a difficult trading environment for the foreseeable future and we have therefore taken steps to realign our cost base. The Board is confident that the strategy it has adopted in recent years means the business is well positioned to capitalise when consumer confidence does return."
http://www.investegate.co.uk/Article.aspx?id=201201231500040194W
Chairman, Charlie Mayfield, said trading conditions were set to remain challenging for the rest of the year and into 2012. But he added that in the last six weeks, Partnership gross sales were 7.4% higher than last year, while Waitrose gross sales had increased by 10.0% (3.9% like-for-like) and John Lewis gross sales were 3.2% higher than last year. "There are huge changes taking place in the way people shop as a result of technology reaching every part of our lives, and there is an ever greater demand for convenience and value," he said. "We are not simply waiting for the recovery, but instead we have increased the pace of investment and innovation across the Partnership putting us in the best possible position to seize the opportunity created by a rapidly changing retail environment."