Messy jobs vanish from the John Lewis revolution: bets in department stores on £ 700 shoes and beauty products
Hannah Uttley for the daily mail
The boss of John Lewis has unveiled a multi-million makeover of the department store chain, but her announcement was overshadowed by job losses.
Managing director Paula Nickolds (45) has opened a luxury shoe room with shoes that cost £ 695.
She plows £ 3.5 million in her beauty halls and reserves £ 3 million for staff training.
Revamp: John Lewis has opened a luxury shoe room with shoes that pays £ 695 and £ 3.5 million in his beauty halls, as well as £ 3 million separately for staff training
& # 39; While others invest in drones, we invest in our partners, while others economize and invest in the point where we differ, & # 39; she said.
But her remarks only came 24 hours after John Lewis had interrupted about 270 jobs in the IT, finance and security departments.
Employees have been looking at bonuses for more than 60 years, while the group fired about 1,440 employees last year.
M & S strengthens the top team
Marks & Spencer has recruited a top director at Canada's largest food retailer, while the bosses Archie Norman and Steve Rowe strengthen the management team.
Jeremy Pee, senior vice president at Loblaw, will assume the new position of chief digital and data officer in December.
At Loblaw, Pee was responsible for building and growing online businesses in supermarkets, beauty products, clothing and pharmacies. His appointment is the last in a series of recruits that the top team of M & S has had overhaul.
The chain hopes to make a third of its sales online.
The group has a unique partnership structure that distributes profits to all employees who receive bonuses as & # 39; partners & # 39; be described.
John Lewis is preparing for a major slump in the half-yearly gain that is expected to drop to zero.
Maureen Hinton, research director of group retail at Globaldata, said: "The job loss is obviously uncomfortable for John Lewis, it comes at a time when she is streamlining the company.
But we are in a very difficult trading environment, there is a lot of change going on in the retail trade. & # 39; Analyst Nick Bubb added: "For all the talk about investing and increasing market share, the fact is that John Lewis's earnings are going down.
Price comparison of the distressed sale promotions at House of Fraser and Debenhams has been finalizing.
The best hope in the medium and long term is that House of Fraser and Debenhams largely disappear, so that John Lewis can buy the bulk of their business. & # 39;