John Lewis cuts losses to £29m despite costs of store closures

Retailer, which also owns Waitrose, says it faces ‘significant uncertainty’ about trading over Christmas period

John Lewis Partnership reduced its losses to £29m in the first half of its financial year, as it benefited from business rates relief, but paid out millions of pounds in redundancy payments and property closure costs.

The group behind John Lewis and Waitrose said it had benefited from £58m of business rates relief and would decide if it would return that to the government by March next year as it faced “significant uncertainty” about trading over the important Christmas period.

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from The Guardian https://ift.tt/3zd7unN