LONDON — British retail giant John Lewis and supermarket Waitrose, owned by the John Lewis Partnership, is undergoing internal changes in line with speculations from British tabloid newspapers after a shaky 12 months.
The corporate has warned of potential job cuts and has scrapped its staff bonus after a 230-million-pound loss consequently of inflation and energy bills within the U.K.
The 2022-23 fiscal 12 months results showed that John Lewis and Waitrose group sales were 12.25 billion kilos, a 2 percent dip from the previous 12 months. As an entire, the group reported a 78-million-pound loss.
John Lewis sales rose by 16 million kilos on a like-for-like basis with last 12 months, but its overall sales only rose by 0.2 percent in total.
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