6 Hrs
Source:
The Guardian
John Lewis losses grow to £124m
John Lewis Partnership's pre-tax losses widened to £124 million in the first half of the year, driven by higher costs, a challenging trading environment, and reduced shopper confidence. While Waitrose sales increased by 4%, department store sales declined by 2%, contributing to overall revenues of £6.3 billion. The company continues its turnaround plan, which includes store closures and staff cuts, amid ongoing difficulties from weak consumer spending and rising costs.
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