Business
After six months of turmoil, John Lewis can only hope for better – The Guardian
The retailer had ‘lost its way’ even before Covid-19 forced stores to close. So this week’s results will not be pretty
It has been a torrid year for middle-class favourite John Lewis, and this week the retailer, which is in the midst of a revolution under new boss Sharon White, will lay bare the damage coronavirus is wreaking on its finances.
A heavy first-half loss is anticipated from its department stores, which were struggling before the pandemic struck. As a reminder, the shops were closed for three of the six months under scrutiny. In July, White confirmed that eight of the groups 50 outlets, including its…
Continue Reading