The employee owned retail Giant has revealed plans that will create over 4, 200 jobs this year. The group which also owns high-end grocer Waitrose will be investing £500 million as it aims to expand its empire.
Charlie Mayfield the Chairman of John Lewis recently explained that he wanted the brand to move away from its reputation as the “nice” retailer in favour of being known as a “better one”. Waitrose will be offering 3, 000 new positions in its organisation and a further 1, 250 vacancies will need to be filled when John Lewis opens dozens of new stores in the UK.
Mayfield has also told of his plans to take the department store global by the end of 2011. He stated his belief that there are potentially huge markets overseas and is keen to build on the sense of momentum behind the business.
On the 5th January 2011the John Lewis group reported record sales at both Waitrose and the department store, the first showing like-for-like sales up 5.4 per cent and the latter taking £545 million in the five weeks before January 1st.
The strong emphasis on value which has come to underpin the company in recent years is what the Chairman celebrates as the catalyst for their good fortune. The Waitrose Essentials range has been a great success enabling the supermarket to retain customers during the credit crunch as did the Never Knowingly Undersold promise.
39 new Waitrose stores are expected to open this year and John Lewis will be rolling out their Home furniture outlets as well as a new superstore to be launched in Stratford, East London.