John Lewis unveils one-off cost-of-living payment as losses widen
The John Lewis Partnership has authorised a one-off cost-of-living payment bonus and free food over the winter for staff as its losses deepen.
The retail group, which owns Waitrose and the eponymous department store chain, said its losses widened to £99m during the 26-week period to July 30, 2022, compared to a £29m loss the same period a year ago.
The partnership blamed the performance on surging inflationary costs not being passed fully on to consumers, the impact of the cost-of-living crisis, unwinding Covid shopping patterns and investments in staff, customers and suppliers.
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