John Lewis Partnership Narrows Losses and Forecasts Higher Profits

The retailer's turnaround plan shows progress as Waitrose sales boost overall performance despite challenges at department stores.

John Lewis Partnership reported a first-half loss of £30 million, down from £59 million a year earlier.
Waitrose saw a 5% increase in sales, helping to offset a 3% decline in sales at John Lewis department stores.
The company expects significantly higher full-year profits compared to the £42 million reported in 2023-24.
Cost-cutting measures, including 300 job cuts, contributed to the improved financial results.
Jason Tarry, former Tesco executive, will take over as chairman, succeeding Dame Sharon White.