Drop in profits at John Lewis

NEARLY READY: Store manager James Prince at the new Leeds premises in July.
NEARLY READY: Store manager James Prince at the new Leeds premises in July.
0
Have your say

​John Lewis said price cuts, increased pay and investment held it back in the first half of the year after the group reported a 15 per cent fall in profits.

The group, which will open its Northern flagship store in Leeds in five weeks time, said pre-tax profits​ ​fell​ ​to £82m in the six months to July 30.

​​John Lewis said Leeds is set to be ​its​ most forward thinking, experience-led store​ and will showcase the best Yorkshire products​ it can find​, ​including ​brands such as Mason’s Yorkshire Gin, Harrogate Candle Company and fashion brand Cabba.

There will be over 120 products designed or created, within a 30 mile radius of Leeds.

Have you downloaded the free YEP app available on Android and iphone?

CLICK HERE TO DOWNLOAD THE ANDROID VERSION OF THE YEP’S FREE NEWS AND SPORT APP

CLICK HERE TO DOWNLOAD THE iPHONE VERSION OF THE YEP’S FREE NEWS AND SPORT APP

Rachel Reeves.

Yorkshire MP talks about loneliness 'crisis'