Profile: Sir Charlie Mayfield, chairman of the John Lewis Partnership
On its 150th anniversary, the retailer talks about the 5% of customers that make up 50% of profits and the future of the partnership. “Customers are changing the way they live their lives in a fundamental way and technology is the primary driver of that. Retailers like us have to be extremely agile and adaptable in terms of changing our operating model,” says John Lewis Partnership chairman and former marketer Sir Charlie Mayfield, speaking exclusively to Marketing Week before giving the Marketing Society’s Annual Lecture last month (see Mayfield on marketing, below).While the John Lewis and Waitrose brands, which are part of the partnership, must adapt, Mayfield’s job is made harder by the fact that its high-value customers are constantly changing. In his lecture, Mayfield admits that 5 per cent of the partnership’s customers account for 50 per cent of sales, but the challenge is that this is not the same 5 per cent every year.Using data from its loyalty schemes my John Lewis and myWaitrose and its credit card, the Partnership Card is a focus and a way to help identify that 5 per cent. “It’s hugely important work we are doing across the partnership to enhance our capability, to support our divisional teams in terms of how they develop both their marketing and when they deploy marketing activity but, just as important, how we develop the strategy for the whole brand,” says Mayfield. The partnership claims to be making a sizeable investment in building that capability.Mayfield says: “We need to continue to adapt the partnership, John Lewis and Waitrose, to the changing world and I particularly want us to continue and push on in developing the role of partners within that. It’s about adapting the partnership at the pace that we have been and continuing to do that…
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