John Lewis boss White warns inflation ‘hitting the top line’
John Lewis Partnership boss Dame Sharon White has warned that rampant inflation is influencing consumer spend and impacting the group’s sales ahead of Christmas.
White said shoppers across the eponymous department store chain and grocery stablemate Waitrose were “starting to budget” and buying fewer branded ranges as they stock up for the festive season.
She admitted the shift was “hitting the top line” across the Partnership during the crucial golden quarter.
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