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John Lewis Partnership profits crash 53.3%

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The John Lewis Partnership has recorded a fall in profits for the first half of its financial year, despite a boost in sales and increased customer numbers. Profit before tax at the partnership, which runs upmarket grocery chain Waitrose and department store chain John Lewis, plummeted by 53.3 per cent to £26.6 million in the six months to July 29. Meanwhile, operating profit slid by 39.3 per cent to £69 million

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John Lewis Partnership profits crash 53.3%

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