John Lewis department store boss to go after woeful Christmas

LONDON (Reuters) - John Lewis Partnership on Thursday cut its annual profit forecast after weak Christmas sales and said the head of its department stores would go, laying bare the pressure facing one of Britain's best known store chains. A major presence in most British cities, John Lewis has been hammered by a weak economy, the cost of restructuring its operations for the digital age and competition from cheaper online outlets. The Partnership, which runs department stores and up-market..