LONDON – British retailer, the John Lewis Partnership, on Thursday reported a return to first half profit after a COVID-pandemic hit loss last year.
The employee-owned group, which runs John Lewis department stores and upmarket supermarket chain Waitrose, said it made a first half profit before exceptional items of 69 million pounds ($95 million), versus a loss of 55 million pounds in the same period last year, helped by 66 million pounds of cost savings and government business rates relief of 58 million pounds.
(Content and photos syndicate via Reuters)