john lewis profits fall as costs and competition increase /

Chairman Sir Charlie Mayfield said John Lewis and Waitrose had do in a solid performance in a difficult marketThe John Lewis Partnership has suffered a sharp fall in profits as a result of the supermarket price war and a drop in sales in its department stores.
JLP,which own the John Lewis department store chain and Waitrose supermarkets, reported a 26% fall in pre-tax profits before one-off items to £96m in the six months to 1 August.
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Source: theguardian.com