{"id":147131,"date":"2018-06-27T09:35:08","date_gmt":"2018-06-27T09:35:08","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/john-lewis-warns-of-zero-first-half-profit\/"},"modified":"2018-06-27T09:35:08","modified_gmt":"2018-06-27T09:35:08","slug":"john-lewis-warns-of-zero-first-half-profit","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/john-lewis-warns-of-zero-first-half-profit\/","title":{"rendered":"John Lewis warns of zero first-half profit"},"content":{"rendered":"<figure>                                  <img decoding=\"async\" alt=\"John Lewis store\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/9490\/production\/_102223083_john.lewis.front.pa.jpg\"\/>Image copyright                  PA                                                    <\/figure>\n<p class=\"caps\">John Lewis has warned that profits in the first half of the year will be &quot;close to zero&quot;.<\/p>\n<p>Last year John Lewis made \u00a326.6m in the first half, and blamed heavy investment for this year&#039;s expected fall.<\/p>\n<p>The well-known High Street name also warned over full-year profits, saying they could be &quot;substantially lower&quot; than last year, when it made \u00a3290m.<\/p>\n<p>The retailer said its Waitrose chain would close four convenience shops and one small supermarket.<\/p>\n<p>Two of the Little Waitrose closures will be in Manchester, one in Birmingham and one in central London. It will also shut its supermarket in Camden in London. <\/p>\n<p>In a statement John Lewis said it was widely acknowledged that the retail sector was going through a period of &quot;generational change&quot;.<\/p>\n<p>Its response would be to focus on &quot;greater differentiation - not scale&quot; and invest more in developing &quot;unique&quot; products and services, as well as placing more emphasis on its own brand. <\/p>\n<p>It said it would continue to invest at a rate of \u00a3400m-\u00a3500m per year. <\/p>\n<p>While it does not expect to make any profit in the first half of the year, for the full year it said there were a &quot;wide range of possible outcomes, given the market uncertainty&quot;. <\/p>\n<p>However, it said it was assuming that profits before exceptional items would be &quot;substantially lower&quot; than last year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright PA John Lewis has warned that profits in the first half of the year will be &quot;close to zero&quot;. Last year John Lewis made \u00a326.6m in the first<\/p>\n","protected":false},"author":1,"featured_media":147132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-147131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/147131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=147131"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/147131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/147132"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=147131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=147131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=147131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}