Half-year loss for John Lewis
By Sarah Wood | 12th September 2023
John Lewis Partnership is set to report a half-year loss this week.
It will be the first set of results under new chief executive Nish Kankiwala, as reported by Retail Gazette.
Losses for the partnership, which has a John Lewis store in Cheltenham and Waitrose branches in Cirencester, Stroud and Cheltenham, are expected to come in lower than the £99m shortfall posted last year.
John Lewis Partnership has made a loss in its first half for three out of four of the last ears, because the half doesn't include the critical Christmas period.
The business made a loss of £234m in its last financial year.
Last week it was reported that Waitrose staff could lose their jobs if they don't accept flexible hours, as the supermarket looks for ways to keep costs down.
It was announced last month that the partnership is set to take on 10,000 more staff across the two brands, including 1,700 permanent roles, with the remainder covering the festive period.
Copyright 2023 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.