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Britain's John Lewis upbeat on Christmas prospects despite first-half loss
John Lewis Partnership's £88 million loss in H1 2025 stemmed from £29 million in new packaging and National Insurance costs despite 4% sales growth to £6.2 billion, the firm said.
- On September 11, the John Lewis Partnership reported a deeper half-year loss of �34m, citing increased national insurance contributions and packaging levies as factors.
- Following last year's autumn Budget, the UK government tax measures implemented in April prompted retailers to warn of price hikes and job risks across the sector.
- Customer metrics indicate sales grew 4% to �6.2bn, with Waitrose up 6% to �4.1bn and John Lewis up 2%.
- Management said the John Lewis Partnership expects to return to profit in the second half, committing to restore staff bonuses and hire up to 13,000 roles for Christmas trading.
- Leaders say those moves will position John Lewis to capture market share as the group plans a £191m investment in stores, technology, and supply chains, despite recent losses blamed on tax hikes.
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John Lewis blames £88million loss on Budget tax hikes and new levies
The John Lewis Partnership has reported an £88million loss in the first half of the year.Management pointed directly at government tax increases as a key reason for the decline.The employee-owned retail group, which runs John Lewis department stores and Waitrose supermarkets, blamed rises in national insurance contributions and new packaging levies.These costs were introduced after last year’s autumn Budget.The additional charges created a signi…
·London, United Kingdom
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Coverage Details
Total News Sources26
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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