What: John Lewis’ director spoke at the Bloomberg Equality Summit, expressing the highly uncertain outlook for the retailer’s performance for the end of 2022.

Why it is important: The high staff levels and employee-owned structure of the retail group are likely to make soaring inflation more impactful than the Covid-19 pandemic according to the John Lewis Partnership boss.

The cost-of-living crisis has intensely impacted consumer discretionary spending, with the retailer reporting a 99-million-pound loss for the first half of 2022.

John Lewis boss shares concerns on the effects of inflation