John Lewis warns of more store closures as pandemic deals hammer blow to sales
Written by Hit Music Radio News on 11/03/2021
The John Lewis Partnership has revealed it does not expect to reopen all its department stores as coronavirus lockdowns are eased.
The company, which also includes the Waitrose supermarket chain in its stable, announced last year that it would not pay a bonus to its staff – known as partners – for the first time since 1953 and cut 1,300 jobs amid COVID-19 restrictions on stores.
It said then that eight stores were to go, including its Birmingham, Watford and Newbury sites and the Sunday Times has since reported that eight more are at risk – potentially leaving just 42 John Lewis stores.
But the employee-owned business was unable to put a number on it on Thursday, saying it expected to have concluded negotiations with landlords by the end of the month.
© Sky News 2020