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The Guardian

Waitrose recovery helps John Lewis slash losses and improve profit outlook

The Guardian by wa-news on The Guardian 9 views

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Retail group says ‘transformation plan is working’ and announces tie-up with WaterstonesBusiness live – latest updatesThe owner of John Lewis and Waitrose has said it is on track for “significantly higher” full-year profits after it slashed half-year losses amid a recovery at its supermarkets that offset falling sales at its department stores.Nish Kankiwala, the chief executive of the John Lewis Partnership, said: “These results confirm that our transformation plan is working and we expect profits to grow significantly for the full year, a marked improvement from where we were two years ago. Continue reading…

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Source link : https://www.theguardian.com/business/2024/sep/12/waitrose-recovery-helps-john-lewis-slash-losses-and-improve-profit-outlook

Author : Sarah Butler

Publish date : 2024-09-12 10:27:49

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Tags : The Guardian

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