John Lewis Losses Soar to £88m Amid Rising Costs and Weak Consumer Confidence
The John Lewis Partnership has reported a sharp rise in half-year losses, nearly tripling to £88 million as the company battles soaring costs and sluggish consumer spending. The employee-owned group, which operates John Lewis department stores and Waitrose supermarkets, said pre-tax losses before exceptional items rose from £30 million a year earlier to £88 million…