John Lewis hires advisers to help “deepen” supplier relationships

John Lewis will be chartering a fleet of extra ships alongside various other businesses to ensure that its Christmas stock arrives on time
The retailer recorded a pre-tax loss of £29m for the six months to 31 July.
// John Lewis hires restructuring firm AlixPartners to launch strategic review of its supply chain and buying processes
// This is to see if variable costs can be saved by simplification and efficiencies
// The retailer will “deepen” its relationships with suppliers

John Lewis has reportedly drafted in advisory firm AlixPartners to launch a strategic review of its supply chain and buying processes, as it seeks to save costs.

The department store chain appointed the firm to work on a review of its supply chain and buying processes, including intake margins and supplier terms.

This is to see if variable costs can be saved by simplification and efficiencies, Drapers reported.


READ MORE: John Lewis slams UK education system and offers staff literacy lessons


John Lewis said it is also looking at how it can strengthen its relationship with suppliers.

The retailer will “deepen” its relationships with suppliers and find ways to grow their businesses together.

John Lewis executive director Pippa Wicks is also a senior adviser at AlixPartners and co-founded AlixPartners Europe.

Click here to sign up to Retail Gazette’s free daily email newsletter

4 COMMENTS

  1. How helpful that Pippa co-founded Alix Partners Europe. That should immediately save money.
    This move only underlines the weakness at the senior level, where are the merchants? What has happened to the reputation of 10 /20 years ago, when JLP was a byword in supplier co-operation and collaboration? To my mind ” deepen relationships” means cheaper cost prices and extended payment terms.

  2. couldn’t agree more , “deepen supplier relationship” is just another phrase ” for how much more they can screw their suppliers .

  3. Yes from a 40 years in the industry guru.
    What a load of rubbish this is…..
    Screwing suppliers is a last resort of a dying model. Everything they have done under this ceo is diabolical will go the way of debenhams very soon.

  4. Rather foolish move.
    So suppliers walking away to marks etc.
    It make you wonder they pay huge salaries to those making such stupid decisions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here