×
828
Fashion Jobs
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Thrissur
Permanent · Thrissur
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Igatpuri
Permanent · Igatpuri
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Palitana
Permanent · Palitana
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Vijayawada
Permanent · Vijayawada
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Jalandhar
Permanent · Jalandhar
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Palanpur
Permanent · Palanpur
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Ajmer
Permanent · Ajmer
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Bareilly
Permanent · Bareilly
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Puri
Permanent · Puri
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Kollam
Permanent · Kollam
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Gangtok
Permanent · Gangtok
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Jalgaon
Permanent · Jalgaon
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Kullu
Permanent · Manali
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Kotagiri
Permanent · Kottayam
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Agra
Permanent · Agra
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Jaipur
Permanent · Jaipur
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Panhala
Permanent · Panhala
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Velankanni
Permanent · Velankanni
LAVYA ASSOCIATES
Area Sales Manager- Banca | Life Insurance-Rajkot
Permanent · Rajkot
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Alwar
Permanent · Alwar
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Betalghat
Permanent · Nainital
LAVYA ASSOCIATES
Area Sales Manager- Agency-Life Insurance-Bangalore
Permanent · Bengaluru
By
Reuters
Published
Jan 12, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

John Lewis to ramp up investment to meet online demand

By
Reuters
Published
Jan 12, 2017

Britain's biggest department store John Lewis said it needed to invest heavily in its online business this year after 40 percent of total sales came from the internet over Christmas, showing the speed of change ripping through the industry.

Britons have embraced online shopping in recent years, with new collaborations enabling shoppers to buy online and pick up goods at a network of third-party outlets such as petrol stations, railway stations and post offices.



The drive to make online shopping fit more easily into customers' lives has ramped up sales and put Britain at the forefront of the move, with trading updates released this week showing those firms with the best online offerings performing strongly.

Online-only fashion retailer ASOS said on Thursday it would also accelerate the pace of its infrastructure investment as it expects sales to rise by nearly a third this year following bumper demand over the Christmas period.

"Although we expect to report profits up on last year, trading profit is under pressure," said Charlie Mayfield, chairman of the John Lewis Partnership. "This reflects the greater changes taking place across the retail sector. We expect those to quicken, especially in the next 12 months."

John Lewis has been among those leading the way in online sales in recent years but it said on Thursday that although it had enjoyed a strong Christmas performance, it now needed to rebuild to prepare the business for even faster change.

John Lewis said it would speed up aspects of its strategy, which would involve a period of significant change, investment and innovation. It did not say how much it would spend on the programme.

The John Lewis Partnership said it also expected profit to be affected next year by increasing costs linked to the fall in the pound following the vote to leave the European Union.

The John Lewis department store posted underlying sales up 2.7 over the six weeks to December 31, with online sales up 11.8 percent and shop sales up 0.8 percent.

 

© Thomson Reuters 2022 All rights reserved.