John Lewis managing director to exit after Christmas sales dropped
The British company managing director, Paula Nickolds, is to leave the group as part of the merger of the management with supermarket division Waitrose&Partners.
John Lewis managing director exits. The British company managing director, Paula Nickolds, is to leave the group as part of the merger of the management with supermarket division Waitrose&Partners, as well as the drop in sales after the Christmas period.
Nickolds has worked in the company for almost twenty-five years. For the past ten years, the executive was in charge of the development of John Lewis in a variety of senior positions. John Lewis sales dropped 2.3% to 1.1 million pounds (1.3 million dollars) between 17 November 2019 and 4 January 2020, year-on-year, and were down 2% on a like-for-like basis. However, online sales increased by 1.4%. Overall fashion sales were up 0.1% and beauty sales increased by 4.7%.
This happens in the middle of a restructuring process of the company, when last October John Lewis announced the merger of the management with supermarket division Waitrose&Partners. “Future Partnership will be in place from the start of February, when Sharon White will become the partnership’s sixth chairman,” stated the company in a press release.
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