Strategy (1)
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Retail Navigator AnalysisJohn Lewis Partnership (Strategy)
John Lewis Partnership (JLP) announced it will “unashamedly focus” on retail as group profitability was restored for the year ending 27 January 2024 (FY2023). The Partnership delivered pre-tax profits of £56m versus a £234m loss the year prior. JLP said profit growth was supported by a further £111m of productivity improvements in the year, bringing recurring productivity savings since January 2021 to £420m against its £900m target to FY2027.
