JOHN LEWIS could close more of its stores in response to the coronavirus pandemic.
Eight stores are already set to shut their doors for good and further closures could follow.
1
Another eight stores could close permanently on top of the ones John Lewis already announced last year, The Sunday Times reports.
Bosses at the posh department store are considering shutting more branches as the pandemic continues to bite.
A third lockdown has shuttered all non-essential retail again and many high street retailers have shuttered shops and cut staff s a result.
Larger and older branches are thought to be more at risk, according to the report.
The final number of shops set to shut has not yet been decided as it negotiates with landlords and it could still relocate to smaller properties in the same areas.
John Lewis has been contacted for comment.
Last summer the high street store announced eight locations would close putting 1,300 jobs at risk.
JOHN Lewis announced last year the following shops won’t reopen:
- Birmingham – department store
- Croydon – at home shop
- Heathrow – travel hub
- Newbury – at home shop
- St Pancras – travel hub
- Swindon – at home shop
- Tamworth – at home shop
- Watford – department store
A further 1,500 jobs at its head office were announced as at risk in November.
Buyers are increasingly shopping online – a trend accelerated by the pandemic.
John Lewis said last year that before the virus, 40 per cent of its sales were online – but the company predicts this could now be closer to 60% to 70% of total sales.
Eight more branches closing would amount to a fifth of its remaining 42 stores.
The company is due to announce its annual results on March 11 and announcement on closures could come then.
OUT OF ORDER
Tesco shoppers claim ‘glitch’ that charges TWICE goes back to September
HAIR WE COME
When will hairdressers and barbers reopen?
GET MINTED
The 12 most valuable £2 coins in circulation worth up to £85
CREDIT CRUNCH
Covid doubles number of ‘destitute’ Brits living on less than £100 a week
COINING IT IN
Rarest 10p coins revealed and they could be worth up to 175 times more
CHIPS ARE DOWN
Asda shopper fuming after ordering £50 worth of food but only CHIPS arrive
It’s estimated that over 43,000 retail jobs have been axed since the start of coronavirus lockdown as high street struggles to survive.
Superdrug’s ‘star buy’ has left shoppers baffled after making hand gel more expensive.
Bargain store B&M is selling a brand new hanging egg chair for £125.
Paperchase on brink of administration putting 1,500 jobs and 173 stores at risk
