John Lewis in no-deal Brexit warning because it falls to a loss


Two people walk in to a John LewisPicture copyright Getty Photos

The John Lewis Partnership, which owns the division retailer chain and Waitrose supermarkets, has fallen to a half-year loss and stated a no-deal Brexit would have a “vital” impression.

The group reported a lack of £25.9m, blaming a drop in gross sales.

It stated “subdued shopper confidence” within the first half of the yr had taken its toll on outcomes.

John Lewis pointed to “comfortable demand” for its dwelling and electrical items as a specific weak spot.

The partnership, which usually makes most of its earnings within the second half of the yr, stated it was making preparations for a no-deal Brexit.

Nevertheless, the partnership’s chairman, Charlie Mayfield, stated: “Ought to the UK depart the EU with out a deal, we count on the impact to be vital and it’ll not be doable to mitigate that impression.

“Brexit continues to weigh on shopper sentiment at a vital time for the sector as we enter the height buying and selling interval.”

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