News


John Lewis scraps staff bonus due to group losses and ‘soaring’ costs


and then exceptional costs were on top of that. Costs were sent “soaring” throughout the year, said Chairman Sharon White (pictured right), an increase of nearly £180 million on the previous year. As a result, the retailer will not hand out a bonus to


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There could be job losses on the cards at John Lewis as the company posted an annual loss of £234 million for its last financial year. The Partnership announced that sales at John Lewis were strong at £4.94 billion, up 0.2 per cent on the previous year, yet it saw losses of £78 million


its staff, known as Partners, and in fact it even warned that some jobs could be at risk. “I am sorry that the loss means we won’t be able to


share a bonus this year or do as much as we would like on pay,” Ms White said. “As we need to become more efficient and productive, that will have an impact on our number of partners. That’s a massive regret to me personally,” she added.


Ms White did not provide any detail on the amount of job cuts or the division/s in which they will be made. However, the company did spend £32 million supporting its employees with a cost-of-living payment and free food over winter. Looking ahead, Ms White said she expects market and consumer conditions to remain uncertain. In other news, the Partnership has announced the appointment of its first group Chief Executive. Nish Kankiwala has been a Non-Executive Director since April 2021; he is a former Chief Exec of Hovis.


AMDEA backs consumer awareness of water usage


Paul Hide voiced his support for such additional information


in a podcast with


Information on water consumption per cycle is already mandatory for washing machines, washer dryers and dishwashers but the government may extend this to a wider range of appliances. The changes to labelling requirements may come about as part of a Defra review, which is yet to be published.


The Chief Executive of AMDEA (The Association of Manufacturers of Domestic Appliances) has backed possible plans for more appliances to have water usage information in a bid to help householders reduce consumption and bills.


Mr Hide said: “The labelling of white goods is a good thing primarily for helping people to understand the water consumption – alongside the energy consumption – of their appliances, and equally how to minimise that both from an environmental impact and a cost perspective. We certainly support that


Affinity Water.


provision of useful information.” He stressed the importance of having one label


only providing water and energy usage, rather than separate labels, and for these to be easily understood to help people make well-informed decisions. “We are very focused as an industry on improving


people’s understanding of sustainability and how to use appliances the most economically,” Mr Hide said, referencing AMDEA’s award-winning Know Watt’s What campaign. Asked what he would like to see in homes to


improve water consumption, he answered: “Smarter water meters that could show users how much water individual appliances are using.”


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