John Lewis plunges into loss due to 'cost-of-living crisis'

John Lewis is under pressure from consumers cutting back on non-essential spending as they prioritise cash for energy bills and other crucial costs.

John Lewis posted a loss of €114m in the first half of the year.

John Lewis blamed the UK’s “unprecedented cost-of-living crisis” as it posted a loss of €114m in the first half of the year.

The pre-tax loss widened from £29m (€33m) a year earlier, with the company, which is owned by its employees, saying it had chosen to protect both customers and staff from soaring inflation.