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Re: Changes on the High Street
Quote:
Quote from The Sun Money: John Lewis has warned it will shut more stores forever after posting a £517million loss for last year.
The group, which also owns upmarket grocery chain Waitrose, said it does not expect all its John Lewis shops to reopen at the end of lockdown.
It did not say how many of its 42 shops are under threat, but said it was in talks with landlords and will make a final decision which ones would close at the end of March.
It has already closed eight stores last year, putting 1,300 jobs at risk, and The Sunday Times reported last month that another eight shops could be closed on top of this too.
John Lewis announced the news in its financial results for the year ending January 30 2021.
The shop said its £517m loss was mainly due to restructuring and redundancy costs from store closures, a shift to online shopping, and changes to head office operations.
John Lewis has had to remain closed under the third coronavirus lockdown, as it is classed as a non-essential business.
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I guess the Waitrose part of the group is helping to prevent more closures. There's also talk of having JL departments in Waitrose stores.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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