Get the app today! Download iPhone App Download Android App

Falling Profits Could Cause Store Closures: Waitrose Owner

Published on Jun 27 2018 11:40 AM in Retail tagged: Featured Post / Waitrose / John Lewis Partnership / Financial Results

Falling Profits Could Cause Store Closures: Waitrose Owner

Britain's John Lewis Partnership warned that its 2018-19 profit would be substantially below the previous year's level, hurt by expected declines at its department stores, adding that it could close some shops.

John Lewis has, in recent years, appeared to be weathering a difficult environment for British retailers better than rivals Marks & Spencer, Debenhams and House of Fraser, but the warning on Wednesday showed the extent of its problems.

Shop Closures

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email