John Lewis, Waitrose, Retail industry, Business, UK news, Supermarkets, Sharon White, Waterstones, Food & drink industry Business | The Guardian
Retail group says ‘transformation plan is working’ and announces tie-up with WaterstonesBusiness live – latest updatesThe owner of John Lewis and Waitrose has said it is on track for “significantly higher” full-year profits after it slashed half-year losses amid a recovery at its supermarkets that offset falling sales at its department stores.Nish Kankiwala, the chief executive of the John Lewis Partnership, said: “These results confirm that our transformation plan is working and we expect profits to grow significantly for the full year, a marked improvement from where we were two years ago. Continue reading…
Retail group says ‘transformation plan is working’ and announces tie-up with Waterstones
Business live – latest updates
The owner of John Lewis and Waitrose has said it is on track for “significantly higher” full-year profits after it slashed half-year losses amid a recovery at its supermarkets that offset falling sales at its department stores.
Nish Kankiwala, the chief executive of the John Lewis Partnership, said: “These results confirm that our transformation plan is working and we expect profits to grow significantly for the full year, a marked improvement from where we were two years ago.
