John Lewis has said its sales across Black Friday and Christmas “held up better than anticipated” and its profits will be ahead of previous guidance as a result.
John Lewis said it expected results for its current financial year to be ahead of the previous guidance of “a small loss or small profit” as a result of its stronger than expected peak performance – although the business has not provided a Christmas trading update.
The department store group has also said that, due to its resilience over the peak period, it will repay its £300m Covid corporate financing facility to the government now, ahead of the March 15 deadline.
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