John Lewis Struggles Amid Store Overhaul | Business and Finance News

episode

Business News Today | 2 Min News | The Daily News Now! not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Business News Today | 2 Min News | The Daily News Now!

Japanese Capsule Hotels: Budget Solution for London Hybrid Workers 1 min · 20 Dec 2025

Russia's War Economy: Sustainable or Unsustainable? 2 min · 20 Dec 2025

All episodes from Business News Today | 2 Min News | The Daily News Now! →

Report any issue

Source

Recorded10 Sep 2026

Publisherfeeds.acast.com ↗

Handlerec:20326840

Show notes

John Lewis is in a tough spot, with losses more than doubling to £89 million in the first half of the year, as soaring costs and sluggish consumer spending hit their department stores—despite a slight overall sales bump thanks to Waitrose. CEO Jason Tarry blames rising wages and extreme heatwaves, while pushing back on new business rate hikes that could further strain retailers. Though store investments in beauty, health, and trendy fashion are eating into profits now, Tarry remains confident in a turnaround, especially as Christmas sales historically drive strong results—and early signs from revamped stores point to progress. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3191e8f3e40e2ad5

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.