Live Support

In-depth Discussions

The half-year results come days after the retailer rebranded to emphasise its partnership model – and announced 200 redundancies

Profits at worker-owned retailer John Lewis Partnership have fallen 99% before tax and exceptional items in its half-year results to 27 July, with chair Sir Charlie Mayfield warning: “These are challenging times in retail.”

The figure slumped to £1.2m from £83m a year earlier. Gross sales were up 1.6% to £5,486.6m, revenue rose 1.5% to £4,856.7m and profit before tax fell 80.5% to £6m, with the results in line with a warning made by the company in its strategy update in June.

...

Co-operative News - Global Hub

You need to be a member of People's Forum to add comments!

Join People's Forum

Email me when people reply –

Discussion Area

This area is for people to post and view discussions. You can use the the tabs at the top of the page to filter the discussion to the topics you want.

If you would like to start a discussion please click Add Discussion