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The owner of John Lewis and Waitrose has said it is on track for “significantly higher” full-year profits after it slashed half-year losses amid a recovery at its supermarkets that offset falling sales at its department stores.
Nish Kankiwala, the chief executive of the John Lewis Partnership, said: “These results confirm that our transformation plan is working and we expect profits to grow significantly for the full year, a marked improvement from where we were two years ago. Continue reading...
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