RETAIL BOOST AFTER JOHN LEWIS & WAITROSE ANNOUNCE PROFIT SURGE

March 8, 2013 11:41 AM

John LewisJohn Lewis PLC and Waitrose, both major local employers in the Cheadle constituency, today announced a 15.8 per cent surge in annual profits despite tough high street conditions. Local MP Mark Hunter welcomed the announcement stating that this will be "a useful boost to the economy and must be good news for the local workforce in particular".

John Lewis, Cheadle, employs 980 staff and Waitrose, Cheadle Hulme, employs a further 171 staff. The news will be music to the ears of all employees at the stores after it was also announced they will receive bonuses in recognition of their personal effort and contribution to the company's overall performance.

Commenting, Margaret Jacques, managing director of John Lewis Cheadle, said:

"I think John Lewis' success is down to the business staying very true to its values.

"We work very hard to have the right products and we always listen to our customers.

"We have done some fantastic things in Cheadle this year and this was a great opportunity to thank all the partners."

Commenting further, Mark added:

"I'd like to congratulate Margaret Jacques and all the staff at the John Lewis and Waitrose stores on these fantastic results.

"Despite the challenging financial climate, they have done a superb job and it has paid off.

"I am always impressed by the work of the John Lewis Partnership and know how much staff value the way the business is run."

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