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Earnings

John Lewis targets profit growth through loyalty and retail media

John Lewis chair Jason Tarry is pursuing a turnaround plan intended to generate hundreds of millions of pounds in additional profit from the retailer’s loyalty scheme and retail-media operations, according to the Financial Times. The available RSS material does not give a timetable, investment requirement or specific target for either part of the strategy.

Why it matters

The plan shifts more of the partnership’s recovery effort toward customer data and advertising revenue.

Sources

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