John Lewis Partnership may have some difficult questions to answer after a strategy of heavy discounting over summer. According to retail analyst Nick Bubb, John Lewis would be “lucky to scrape a profit” after it embarked on a summer of heavy discounting on the high street. READ MORE: John Lewis axes 270 jobs alongside its landmark rebrand With the collapse of rival House of Fraser, John Lewis’ spate of slashing prices means it could be forced to take a £50 million hit to profits.
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John Lewis’ spate of heavy discounting could leave £50m hole in profits