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John Lewis : A Chain Of Upmarket Department Stores

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John Lewis is a chain of upmarket department stores operating all over Great Britain, it’s owned by the John Lewis partnership which was founded in 1864, by John Lewis and headquarters in London and with annual revenue of 4.06 billion GBP, John Lewis department stores are doing very well at the moment, with sales figures rising strongly.
Whilst retailers elsewhere are struggling, several commentators have been going beyond the marketing factors, behind their success, instead paying closer attention to the firm’s unusual model of ownership and control.
John Lewis is one of the few UK companies where bumper bonuses do not provoke a public outcry, all staffs from chairman down to shelf stackers received the same percentage pay-out, …show more content…

John Lewis also belief that employees should have a greater say in how their business are run and the idea that staff have nothing useful to contribute to management belongs to the 19th century and not the 21st, and that motivated staff have a pretty big impact on a company’s performance, its staff retention rate is also very good, with 80 per cent staying for more than a year, john Lewis customers are often fulsome in their praise of the staffs.
Furthermore, john Lewis its recording increased profits during a difficult period than other retailers, it has a constitution that staff are involved in all sorts of councils, committees and boards designed to create industrial democracy. “Even the former deputy British prime minister, Nick Clegg on his Januray2012 mansion house speech sought to set out his vision of how this should be done. Quoting John Stuart Mill, he set out to “end the feud between capital and labour” by promoting the virtues of employee share ownership and employee ownership as he termed it John Lewis economy” www.centreforum.org. Arguing that other firms should try to move towards a John Lewis economy, in which employees will have a bigger stake in their firms, ushering in era of responsible capitalism.
Lastly, apart from the terrific

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