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After ‘inflation hurricane’ hits, cost cutting is king at John Lewis
“Inflation has hit us like a hurricane” was the stark verdict from John Lewis Partnership chair Dame Sharon White as the retail institution slid to a £234m pre-tax loss.
The group, which includes grocer Waitrose as well as the John Lewis department store division, is embarking on the third year of White’s transformation plan as she seeks to turn around the venerable brand.
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