On this episode of The Retail Week, reporters Grace Bowden, Rebecca Waller-Davies and Emily Hardy discuss this week’s slew of interim results.
Firstly, Waller-Davies responds to John Lewis Partnership’s surprising 14.7% drop in pre-tax profits.
Is the drop indicative of problems for the up-market group, or is it a simple case of aggressive investment as it claimed?
Next, Emily Hardy discusses the better fortunes of Morrisons. Earlier this week, the grocer reported an 11% increase in pre-tax profits, but boss Dave Potts told Retail Week that he is still in the “fix phase” of his turnaround plan.
Moving on to Next’s half-year results, Waller-Davies describes how the ‘Brexit-affect’ is starting to take its toll on the high street and what lies in store for the fashion giant.