John Lewis Partnership halves half-year losses to £30m, with Waitrose sales up 5% and John Lewis down 3%.
John Lewis Partnership, which operates John Lewis and Waitrose, reported a significant reduction in half-year losses to £30 million from £59 million. While Waitrose saw a 5% sales increase, John Lewis faced a 3% decline. The company anticipates a marked improvement in full-year profits due to its ongoing transformation plan. However, staff morale remains low due to past bonus cuts, and the future of the department store remains uncertain as new leadership begins.
September 12, 2024
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