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John Lewis Faces £88M Loss, Job Cuts Possible

9/11/2025

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Summary

Story summary

John Lewis reported a pre-tax loss increase from £30m to £88m in H1 2025, driven by rising costs and a £29m packaging tax.
The company is implementing cost-saving measures, which may result in job reductions.
It invested £191m in store upgrades, leading to a 4% sales rise to £6.2bn.
Chairman Jason Tarry highlighted a renewed focus on retail.
Staff bonuses remain suspended but may return if profits hit £200m by February 2026.

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Story summary

John Lewis reported a pre-tax loss increase from £30m to £88m in H1 2025, driven by rising costs and a £29m packaging tax.
The company is implementing cost-saving measures, which may result in job reductions.
It invested £191m in store upgrades, leading to a 4% sales rise to £6.2bn.
Chairman Jason Tarry highlighted a renewed focus on retail.
Staff bonuses remain suspended but may return if profits hit £200m by February 2026.