John Lewis Thinking About Closing Some Department Stores

0
69


Richard Hyman, veteran retail analyst, said, “Does it make sense for John Lewis to close some stores, absolutely yes. No one wants to see people lose their jobs, which would happen, but the reality is for the market in general, online has become bigger and bigger, with John Lewis at the forefront. ”

He pointed out that 30pc of all retailers are already online, adding, “For John Lewis, that number was less than 50pc before Covid-19, although it is now 100pc.

“The reality is that the retail world we are all heading into means that every retailer needs fewer stores than before, including John Lewis, and not tackling this problem puts the rest of the business at risk.

Shortly after joining the John Lewis Partnership earlier this year, Dame Sharon has already warned that she is going through the most difficult time in her history.

She added in February that the stores would likely not remain open without financial improvements.

JLP said, “We keep our property under continuous review to ensure that we have the right amount of stores to better serve our customers and remain commercially viable.

“It is too early to make a decision but, as always, any decision made is taken to ensure the long term financial viability of the Partnership and is always communicated first to our Partners. “

LEAVE A REPLY

Please enter your comment!
Please enter your name here