Five Waitrose stores to close after John Lewis issues warning on profits

Group blames market uncertainty and IT investment for ‘substantially’ lower profitsThe John Lewis Partnership has said it will make no profit in the first six months of this year and is to close five Waitrose stores as tough trading on the high street takes its toll.The group, which operates 50 John Lewis department stores and 350 Waitrose shops, said full-year profits for the year to January 2019 will also be substantially lower than last year. Continue reading...