John Lewis losses widen to £124m as shopper confidence dips

Retailer says higher costs also hit first-half figures as group pursues its turnaround plan, though Waitrose grew sales Losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers…

The owner of John Lewis fell to a loss of more than £120m in the first half of its trading year as the retail giant hit out at Labour tax raids for “the increased costs of doing business”. The John Lewis Partnership, which also owns Waitrose, posted a pre-tax loss of £124m, 41…