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?