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John Lewis posts loss, scraps staff bonus for first time since 1948

11 days ago   |   By Fashion United

In the first six months of this year, the John Lewis Partnership made a loss 55 million pounds, while sales were up marginally by 1 percent. The company said in a statement that in John Lewis, online sales growth was strong at 73 percent, helping to offset the impact of shop closures, with overall sales down 10 percent on last year. The company has also decided not to pay any bonus coming March due to the current circumstances.
“The outlook for the second half is clearly uncertain given the broader macroeconomy. Christmas trade is also particularly important to profits in John Lewis. In...
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Issue 39

Issue 39

Adut Akech Photography by Craig McDean, Styling by Katie Shillingford Read the cover article Read more ...

Gemini, Your October Horoscope Predicts Creativity & Positive Vibes

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