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John Lewis hit by property slump
the john lewis partnership operates 26 department stores across the uk, the website john lewis direct, 187 waitrose supermarkets and greenbee.com, a direct services company .
conditions for the rest of the year will continue to be challenging with ongoing pressures on consumer spend .. .
john lewis blamed the slowdown in the property market for a decline in homeware sales and said it remained cautious about the outlook for 2009 .
profits at john lewis have sunk by a quarter as its department stores were hit by fall-out from the housing slump .