“You must not go down there before 5 o’clock” However his father made it very clear to him that his work at Oxford Street was not to suffer and told him He did however stay on the Board.īy 1914 Spedan became Managing Director as well which gave him the day to day control of the shop. In 1913 Spedan became Chairman of the Board of Directors of Peter Jones after his father grew tired of the shop and of the arguments he kept having with his son. He found it difficult to run both shops and frustrated that the cash he injected into “that great bucket of a shop” did not produce the desired results. In 1912 the turnover was £50,000 less than in 1902. “Being a busy man, and already over 70 years of age, he did not succeed in introducing effectively his alternative policies”. He very soon cut the advertising budget from £2000 to nil and reduced the amount of straw in the stables!! However, according to his solicitor: John Lewis had always run his Oxford Street store as a tight ship and thrift played a part in his first moves in his new branch. He installed himself as Chairman and his son, Spedan at the age of 21, replaced the two Jones brothers on the board. Peter Jones, and the decline of trade in the Chelsea store, in December 1905 John Lewis walked from Oxford Street to Kings Road and, with twenty £1000 notes in his pocket and another £2500 in odd change, he purchased the ailing store. John Lewis had a thoroughly successful business in Oxford Street and was ready to expand and develop with a branch.Īfter of the death of Mr. Spedan in 1913 John Lewis purchases Peter Jones
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