Post Thu Sep 13, 2018 7:54 am

John Lewis profits slump 99% in 'challenging times'

Profits at John Lewis have fallen to almost zero in the first half of its financial year.

Sir Charlie Mayfield, chairman of the John Lewis Partnership, said: Acer Support Uk "These are challenging times in retail".

The owner of the department store chain and Waitrose supermarkets had warned in June that its half-year profits would be wiped out.

Its latest results showed profits for the six months to 28 July had fallen to £1.2m, down 99% from a year earlier.