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John Lewis posts loss of £25.9m amid Brexit worry | Business News

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John Lewis has posted losses of £25.9m for the first half of the year, blaming the shifting retail landscape and ongoing concerns over Brexit.

With trading conditions already less than favourable, John Lewis said in its half-year results that if the UK were to leave the EU without a deal, the effect would be “significant”, and it would “not be possible to mitigate that impact”.

Despite stockpiling in preparation for Brexit, it continued to “weigh on consumer sentiment at a crucial time for the sector as we enter the peak trading period”, the company said.

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