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07 May 2019 | 08:44

John Lewis of Hungerford expects sales in H2 to fall short of expectations amid retail, Brexit woes

Retailer John Lewis of Hungerford said sales in the second half of the year would fall short of management's expectations following a slowdown in converting deposits to full orders amid Brexit uncertainty and ongoing weakness in retail. Sales for the second half were expected to be approximately 10% ahead of the prior year, but lower than management expectations by approximately £0.4m, the company said.

'We remain confident that the business continues to trade positively with deposits taken tracking ahead of those taken in the same period in the prior year. However, we have experienced a slow-down in converting deposits taken into full orders,' the company said. 'We believe this is primarily due to the prevailing market conditions impacting customer confidence, which remain affected by uncertainty due to Brexit and the retail climate generally.'

At 8:44am: (LON:JLH) John Lewis of Hungerford PLC share price was -0.08p at 0.58p

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