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JOHN LEWIS PART-RESULTS/
RTR4T2CS 
March 12, 2015 
Chairman of John Lewis Partnership Charlie Mayfield poses for a portrait in their flagship Oxford Street... 
London, United Kingdom 
Chairman of John Lewis Partnership Charlie Mayfield poses for a portrait in their flagship Oxford Street... 
Chairman of John Lewis Partnership Charlie Mayfield poses for a portrait in their flagship Oxford Street store in central London, March 12, 2015.Britain's John Lewis Partnership posted a 9 percent fall in underlying profit on Thursday after an industry price war hit its Waitrose supermarket business, forcing it to cut its staff bonus payout for a second straight year. The 150-year-old employee-owned group, which runs Britain's biggest department store chain as well as its sixth largest supermarket, said Waitrose operating profit slumped 23.4 percent due to brutally competitive market conditions and higher investment costs.REUTERS/Neil Hall (BRITAIN - Tags: BUSINESS) 
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