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Britain’s John Lewis returns to first half profit By Reuters

by Mike Robinson

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© Reuters. A branch of John Lewis is seen by shoppers in London on September 15, 2016. REUTERS/Toby Melville/Files

LONDON (Reuters) – British retailer, the John Lewis Partnership, on Thursday reported a return to first half profit after a COVID-pandemic hit loss last year.

John Lewis Department Stores and Waitrose are owned by employees. They reported a profit of 69 Mln pounds (£95M) in their first half. This compares to a loss last year of 55 Mln pounds. The cost savings of 66 Million Pounds and the relief from government rates of 58 MiL.

($1 = 0.7239 pounds)

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