John Lewis reports increased losses, cites rising costs
UKPulse Money Desk
John Lewis Partnership's losses more than doubled in the first half of the year, reaching £89 million, compared to £34 million in the previous year.
- John Lewis Partnership's losses for the first half of the year to August 1 were £89 million.
- This represents more than double the £34 million loss reported in the same period last year.
- The company attributed the increased losses to rising costs, including National Insurance.
The John Lewis Partnership, owner of the department store and Waitrose, has reported losses of £89 million for the first half of the year, ending August 1. This figure is more than double the £34 million loss recorded during the same period last year.
The company has attributed the increase in losses to rising operational costs, specifically mentioning National Insurance contributions as a factor.