Profits at the John Lewis Partnership have more than halved after it was hit by re-organisation costs and the impact of the weaker pound following the Brexit vote.
It said profits in the six months to 29 July 2017 fell 53.3% to £26.6m.
John Lewis said the fall in the pound had pushed up its costs, hitting profit margins.
It added political uncertainty had hit customer demand.
John Lewis also suffered a one-off £56.4m charge, mainly for restructuring and redundancy costs.
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