More John Lewis store closures on the way with up to eight branches at risk

Bosses at John Lewis are contemplating closing up to eight of the division store chain’s remaining branches, in accordance to reviews.

Older outlets are stated to be most at risk of shutting their doorways completely.

It comes on high of eight store closures introduced by the worker-owned group final July, main to 1,300 job losses.

The agency, which additionally owns grocery store chain Waitrose, can be in the means of chopping an additional 1,500 head workplace jobs.

According to the Sunday Times, the last variety of closures is but to be determined and can rely on negotiations with landlords.

In some instances John Lewis may open a smaller department close by.

John Lewis presently has 42 shops.

It comes after the enterprise introduced a £635million loss in 2020, with the pandemic devastating gross sales.

The 156-year-old division store introduced 1,500 redundancies final yr – with all staff set to depart the firm by April.

Bosses stated the transfer was a part of a five-year transformation plan to “return to sustainable earnings by 2025”.

The job cuts will have an effect on head workplace roles, a spokesman stated, with staff set to be minimize or redeployed.

“Wherever doable, we’ll search to discover new roles in the Partnership for Partners whose roles turn out to be redundant,” a press release added.

Sharon White, chairman of the John Lewis Partnership, stated: “Our Partnership Plan units a course to create a thriving and sustainable enterprise for the future. To obtain this we should be agile and in a position to adapt rapidly to the altering wants of our prospects.

“Losing Partners is extremely arduous as an employee-owned enterprise. Wherever doable, we’ll search to discover new roles in the Partnership and we’ll present the greatest assist and retraining alternatives for Partners who depart us.”


supply: https://www.chroniclelive.co.uk/whats-on/purchasing/more-john-lewis-store-closures-19884080

LEAVE A REPLY

Please enter your comment!
Please enter your name here