John Lewis losses widen to £124m as shopper confidence dips
John Lewis reported a first‑half loss of £124 million, wider than previously expected, as reduced shopper confidence and rising costs pressured results. The department‑store group said the figures reflect higher expenses while it continues its turnaround strategy. Despite the overall decline, its Waitrose supermarket chain recorded sales growth. The company said it remains focused on cost control and improving margins, aiming to return to profitability.