By guest author Sahar Nazir from Retail Gazettte
- John Lewis Partnership sales across Black Friday and Christmas better than expected
- The group will repay a Covid-19 loan of GBP 300 million to the government two months
John Lewis Partnership has said its sales across Black Friday and Christmas “held up better than anticipated”.
The John Lewis department store and Waitrose supermarket chain owner said it now expected its profits to be ahead of guidance provided in September when it forecast a small loss or a small profit for the 2020/21 period.
The group also said it had decided to repay a Covid-19 loan of GBP 300 million to the government two months early as it believes it has sufficient liquidity for the future.