More cost-cutting at John Lewis as company eyes £300m annual savings

The video discusses how John Lewis and Waitrose adapted to customer needs during the pandemic by expanding online services and shifting focus to home-related products. It outlines future investments in core retail brands and new growth areas, emphasizing fair value and a unique employee-owned business model. The company plans to invest in both in-store and online experiences, aiming for significant growth in non-retail sectors by 2030. The video also highlights the importance of financial sustainability and the decision to withhold bonuses until profit targets are met.

What challenges did the John Lewis Partnership face when closing their stores?

In what ways did the John Lewis Partnership ensure customer safety during the pandemic?