John Lewis

John Lewis is cutting nearly 400 jobs

Department store John Lewis announced on Thursday that it is expected to cut almost 400 jobs across its restaurants and home fittings services as a result of structural changes sweeping through the UK's troubled retail industry.

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John Lewis is worried and it's right to be

The partnership is selling more products but making less money as it promises to pay its partners more. But it's alive to the danger in a market full of surprises as Morrisons' turnaround amply demonstrates