Britain’s cost-of-living crisis is hitting John Lewis harder than the Covid pandemic and returned the retailer to the 1970s, its chairman Dame Sharon White has warned.
Read the full article on The Telegraph website
NAM implications:
- Unfortunately, given that much of the unprecedented cost-of-living increases have yet to emerge from the pipeline…
- …it is unlikely that a surge in purchasing will occur before Christmas and beyond.
- Therefore, aggressive cutting of costs might be the only option for JLP.
- Time for suppliers to amend forecasts accordingly.
