John Lewis in Brexit warning as it falls to a loss

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John Lewis in no-deal Brexit warning as it falls to a loss

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The partnership, which normally makes most of its profits in the second half of the year, said it had been making preparations for a no-deal Brexit, including building up stocks"where that is sensible".

"Brexit continues to weigh on consumer sentiment at a crucial time for the sector as we enter the peak trading period."Amid what it described as a"weak grocery market" sales at Waitrose slipped slightly to £3.4bn. "After a disappointing end to last year, and the well-documented problems at fellow department stores Debenhams and House of Fraser, it's no surprise to see John Lewis' like-for-like sales and profits falling," said Hargreaves Lansdown analyst George Salmon.

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What utter twaddle.

Scaremongering again British Broadcasting Corruption 🇬🇧

having previously worked for JL they need to lower the prices they average person cant afford to shop there they have a limited market Great company good profit sharing scheme for its employee's

It's going to get a lot worse. Your prices are too high and your profit margin too big - you is greedy

John Lewis and Jamie Oliver might want to consider that their failure was due to their extra ordinary pricing. Brexit? I never bought anything from you because you are vastly overpriced and I actually find John Lewis pricing an insult

We haven't left yet, never mind leaving with no deal. This is them using Brexit as an excuse for a badly run business.

Is this true? Brexit is the fault of loss of profit? 😡

Not because no one wants to purchase any of their stuff it’s all brexit !!!

Bad business,not Brexit clowns .

Hopefully go bankrupt we stopped using anti democratic shops long ago - if you want your businesses to survive remember 52% of the population is higher than 48% as you now understand - get with Brexit or the public will bankrupt you

An important economic index! If JL falls to a loss, we are toast

The high street is finished anyway as everyone buys online. Nowt to do with brexit

Too ducking expensive, that’s their problem!

Stop reporting the worst case scenarios and may be willing to spend. My God it's all gloom gloom gloom from auntie beeb

Nothing to do with Brexit

Doom mongers from the people who ignored paedophilia in their offices

Maybe if the middle class elite weren't poncing round in EU jumpers cryarsing all day they'd have the time to go shopping

Western companies relying on their 'brand image' to charge extra for products made in south east Asia isn't feasible anymore as the same products/quality can be bought elsewhere for cheaper.

Hmmm.. bullshit

Let's get accurate. It's the handling of Brexit by our dithering MPs (the lot of them) who have created uncertainty in the markets and depressed sterling against the dollar and euro. This has meant that goods are more expensive to import. Couple this with low consumer confidence.

I blame the stop the coupe campaign. All those days of lost libtard shoppers. If j Lewis is to survive we must all embrace revoke article 50 and double our rations of organic French produce.

My in-laws love John Lewis. They spend £2000 on a tv there you can but for £1500 in Curry’s but say “yeah but it’s John Lewis” ITS THE SAME BLOODY PRODUCT.

Keep up the scaremongering you biased Brussels broadcasting corporation, hopefully once boris is back in a new parliament, he will abolish your licence, and then you lot can stand upon your on two feet, for once in our lives.

What a godsend Brexit is to all these incompetently run businesses. If not for Brexit they might have to blame the ceo or owners for the way the business has been run.

Really expensive John Lewis struggles to compete with less expensive retailers.

Blaming wrong think. Cause of there problems is simply competition.

In other news: internet shopping has been ravaging bricks-and-mortar retail for well over a decade.

Project fear again. 😳

Noting to do with Brexit. Blame Aldi

The losses have nothing to do with Brexit

Wait for it, wait for it...wait.....wait.......PROJECT FEAR......NO PROJECTT ACTUALLY GOING TO HAPPEN YOU BELLENDS !!!!!

Shops closed due to no-deal Tandy Focus MFI BHS Phones4U Blockbusters Barretts JJB Sports Comet C&A Principles Woolworths Dixons Freeman,Hardy&Willis Rumblelows Poundworld Maplin ToysRus Texas Homecare Do It All Land of Leather Army & Navy Store Allied Carpets Binns Safeway

It's the 'off the shelf' excuse for everything

Bollocks.

I'm fairly sure that the falling quality of their goods and the rudeness of their staff are more significant factors.

Does anybody believe this guff ?

Fake news as always, were not even out of the EU yet and they are blaming Brexit, more likely poor Management

Maybe something to do with it's middle class customers all too busy protesting about Brexit, and have no time to shop..

Remember that before we voted to leave the EU no company ever posted a loss.

We havent left yet so how can it be down to a no deal Brexit. Stop being so biased on your reporting BBC

Maybe it's because John Lewis head is too up it's own bum has only one shop 20 miles away, and they expect shoppers to travel to embark on a pilgrimage to pay homage to it's treasures my lord!

They deserve to be culled if ' That's' how pathetic management are. Avoid shopping at John Lewis. They're too weak to adapt, survive. Choose to spend with a pro Brexit organisation. 👍

I'll help 25 people to earn $1000 daily, but you will pay me 15% of your profit when you receive it. Ask me 'how' Inbox me directly on WhatsApp: +19173833851 Gmail:edmond9991gmail.com bbcnews cnn

You need to adapt to the changing retail sector. You are years behind the food retailers.

I know blame something else rather then look at the reasons why too expensive maybe ?

Nothing to do with Brexit

Maybe if they published telephone numbers of how to contact them in their stores, the customer might feel a little more valued!

They were going under anyway.

Everything to do with brexit and nothing to do with amazon and online retail?

Another failing company who hasn't moved on with the times, blaming something that hasn't happened yet. They have been going down for ages. Just a lame excuse

Project FEAR!

I’ve put weight on recently.. think it’s because of brexit! 🙄🙄🙄🤔

What a lame excuse.

Everything to do with retail, nowt to do with Brexit!

My dog only ate half of her breakfast..... Yep, you guessed it! Bloody BREXIT!!!!!

If John Lewis fails it fails due to bad management, by a CEO who seems to be looking for an excuse! ProjectFear BBCBias TVTax BritishIndependance

When I go into John Lewis no deal is not on my mind but what is is the extortionate pricing of its products and the fact I can get cheaper elsewhere, especially online...

You see what this disaster is causing. Appalling. The Empire strikes down.

Nothing to do with poor management overpriced goods wanting too much profit per item Greedy

The losses are not about brexit but woeful customer service and higher prices . If John Lewis customers can’t get their fresh food in store they might have to slum in Aldi or Lidl!😊

Reading twice is helpful? John Lewis in no-deal Brexit warning as it falls to a loss John Lewis in no-deal Brexit warning as it falls to a loss

Anyone else remember when John Lewis was better than Amazon? Just about. So if they go down the tubes it will be because they have too much expensive retail space, are overpriced and fail to compete. Nowt to do with Brexit just simple business economics

What so they are already reporting a loss... whilst we are still in the EU? Or whilst remoaner MPs are dragging out Brexit and causing business uncertainty?

Oh ffs .. nothing to do with Brexit, more like bad customer service, high prices, less people shop in the high street etc etc etc ....

You're at a loss before anything has happened, that's to do with you, no one else.

Error Ebay & Amazon are fucking our antiquated business model that is built on sentiment.

I used to shop at jlandpartners because of the quality and service. However their lack of jlandpcustserv these days, and the fact they use THE worst couriers in the country means I no longer do. This has more to do with it.

But we are still in Eu and you're still.making a.Loss Nowt to do with Breixt. But the projectfear would ike you to belive that Same ' we are still in EU ' comes back when Job creation is made and massive contracts signed Works both ways

Problem is they never have items in stock, I have tried twice to buy a product in store, and they just don't have them, easier and cheaper after car parking, trip to town etc to order it from elsewhere.

Think people overlook rising costs that is hitting retailers profit margins, Brexit isn’t going to help with that.

Too expensive that's their problem not Brexit nonsense, meanwhile Primark booming. Always check your competitors.

Salary increases and huge IT investment wiped the profit.

How can they blame 'Brexit' when the UK hasn't left the EU yet? Perhaps incompetent management is to blame, and they are just looking for excuses?

It's nothing to do with Brexit - it's about poor service, overpricing and an out of date business model. Easier to blame Brexit, though.

Nothing to do with the fact they sell over expensive shit that nobody wants surely?

Could have been avoided but remain have decided to screw around for 3 years and fuck everything up instead of co-operating and making brexit work!

Do people still shop at John Lewis - I didn’t think that was a thing..... it’s a bit like Marks n Sparks.... 🤷🏼‍♂️ maybe brexit just an excuse.

Pretty sure the decline started well before talk of brexit oh hold on wasn’t Woolworths Demise due to brexit?

The anti Brexit fear campaign is really doubling down today. How amusing.

It's easier to blame something/someone else other than yourselves.

More likely to be their diabolical customer service regarding furniture delivery... faulty items, hung up phone calls, unanswered emails and lies.

Ahh well such is life ,

properganda of the propaganda

What are we going to do when there are no shops left?

JohnLewis pays full corporation tax unlike the offshore tax avoiding amazon . Which one contributes more to YOUR healthcare NHSuk ? Shop wiser, shop local , ie UK corporation tax payers. Ps - they are not expensive .

Maybe it's because John Lewis has expensive items.

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