Christmas consumer crunch takes toll on British retail
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LONDON (Reuters) - A Christmas crunch caused more pain for British retailers on Thursday, with John Lewis flagging lower profits for 2019 financial year and warning its staff they may not get a bonus for the first time since 1953 as consumer shopping habits shift.Tesco, Britain's biggest retailer, ground out a 0.1% rise in underlying UK sales during a "subdued" Christmas, while Marks & Spencer said it was held back by waste in its food business and weak sales of menswear and gifts.Industry data..