Connect with us

Hi, what are you looking for?

United Kingdom

John Lewis posts losses of nearly £26 million

John Lewis Partnership has posted losses of £25.9 million for the first half of the year.

The retailer blames a shifting trading landscape and continuing worries about Brexit.

The company said that if the UK left the EU with no deal the impact would be “significant and not possible to mitigate”.

Advertisement

Chairman Sir Charlie Mayfield said Brexit continued to “weigh on consumer sentiment at a crucial time for the sector as we enter the peak trading period”.

He added that the face of UK retail was changing rapidly.

He said: “The re-drawing of the UK retail landscape continues apace.”

In March, John Lewis Partnership – which owns John Lewis and Waitrose – cut staff bonuses to the lowest level in 66 years after underlying profits fell 45%.

 

 

Comments

Latest Tweets

London Globe

Watch: Pine Martens make a return to Southern England as numbers rise in the New Forest. london-globe.com/united-kingd… zpr.io/59dXsZ97tVuz #news #londonglobe #unitedkingdom

Advertisement

You May Also Like

Business

The controversial Russian businessman Viktor Baturin, well-known for his years-long counterstanding with his wealthy sister Elena, widow of Moscow ex-mayor Yuri Luzhkov, is likely...

United Kingdom

Film director Ridley Scott has recalled the death of actor Oliver Reed while making the Oscar winning blockbuster Gladiator. Scott said hard-drinking Reed “just...

European Union

On April 9, 2022 Dimash Qudaibergen’s first solo concert in Germany took place in Düsseldorf. The colossal energy and the atmosphere of unity did...

United Kingdom

The Watneys Party Seven is making a comeback. The ubiquitous 70s beer was a bland fizzing bitter ridiculed by many. The drink’s insipidness helped...