John Lewis set for ‘significantly’ higher annual profits as overhaul pays off
The John Lewis Partnership has revealed sharply narrowed half-year losses and said annual profits would be “significantly” higher as its overhaul starts to bear fruit. The employee-owned group, which runs the department store chain and Waitrose supermarket arm, reported pre-tax losses of £30 million for the six months to July 27, down 49% on a year earlier. The John Lewis department store business saw half-year sales fall 3% to £2 […]
