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Britain's John Lewis Partnership reports 55 mln stg first-half loss

Reuters | London | Updated: 17-09-2020 13:12 IST | Created: 17-09-2020 12:28 IST
Britain's John Lewis Partnership reports 55 mln stg first-half loss
Representative Image Image Credit: Wikipedia

The John Lewis Partnership reported a first-half loss of 55 million pounds ($71 million) and said it would not pay its staff a bonus this year as it charts its slow recovery from the pandemic.

The owner of Britain's leading eponymous department store and the upmarket Waitrose supermarket said the outlook for the second half of the year was "clearly uncertain" given the broader macroeconomy.

"We now believe the most likely outcome will be a small loss or a small profit for the year," it said.



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