John Lewis Cuts Losses as Waitrose Recovers From IT Glitch.

John Lewis Partnership has reported a first-half loss of £30 million ($39 million), down from £57 million the previous year. The loss was narrowed as sales recovered at its upmarket grocery chain, Waitrose, which has been recovering from an IT glitch that caused empty shelves in stores. The company expects to deliver a significantly higher full-year profit than the previous year, partly due to the growth of Waitrose, which has been outperforming the wider grocery market. Waitrose plans to open new convenience stores and refurbish existing shops. [Extracted from the article]