John Lewis losses narrow as sales jump and cost-saving measures take effect
John Lewis has reported a significant narrowing in losses after tax in the first half of the year, with revenues jumping and cost savings from its extensive restructuring beginning to take effect.
In the half-year period to July 31, 2021, the John Lewis Partnership reported a loss before tax of £29m, which the retailer called a “significant improvement” on the £645m loss before tax reported in the same period last year.
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