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John Lewis FY profits sink on "challenging" retail backdrop

2019-03-07 12:19:00| Daily apparel & textile news and comment - from just-style.com

Recent investments in womenswear have seen the category's sales jump at John Lewis & Partners, but not enough to offset a fall in group profits for the year which sank by more than 45% to GBP160m (US$210m), as a result of a "challenging" retail backdrop.

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