John Lewis upgrades profit outlook but delays end of transformation plan

John Lewis Liverpool

John Lewis has upgraded its full-year financial guidance after narrowing losses and increased sales in the first half, but has delayed implementation of its transformation plan by two years.

For the 26 weeks to July 29, 2023, John Lewis Partnership reported losses before tax narrowing 41% to £59m, and a 14% improvement in losses before tax and exceptional items to £57.3m.

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