Losses at John Lewis and Waitrose owner almost triple to £88m | John Lewis

The owner of John Lewis and Waitrose said that his losses expanded to £ 88 million in the first half of this year, because he got a hit from new tax and regulatory wages as well as reconstruction costs.

John Lewis Partnership, who runs 36 stores and more than 300 Waitrose supermarkets, said that new packaging arrangements and national insurance payments cost 29 million pounds and spend 54 million pounds to restructure their business.

As a result, despite an increase of 4% in sales from six months to 26 July from six months to 26 July, the employee issued pre -tax losses in the same period a year ago.

The group said that he expected the macro -macroeconomic environment to remain challenging ,, but he said that he accelerated investments for “full -year -old positioned to increase snow”.

The sales in Waitrose increased by 6% to £ 4.1 billion, and the sales of the stores rose to £ 2.1 billion with a 2% increase, as John Lewis said that it performed better than a market affected by an ongoing economic uncertainty ”.

Chai Jason Tarry said: “We are trying to focus on accelerating the investment in our customers and brands: more customers shop with us, sales continue and helping Waitrose and John Lewis better than their markets.”

The group includes 191 million pounds to renew stores and other initiatives, to bring back the price hostage “never know the price pledge and to shift personnel times to more intense times in supermarkets and stores and to help improve customer service.

Last week, John Lewis announced to the fashion brand Topshop in 32 stores from February to 32 stores that the clothing brand plans to host a driving to attract young shopping and mothers as the only national stockist in England Hight Streets. Topshop now belongs to online expert Asos, and his only physical output in the UK is the Liberty store in London.