You are here: Home - Household Bills - News -

1,400 jobs at risk at John Lewis following store closures

0
Written by:
24/03/2021
Eight John Lewis stores will not reopen once the current lockdown ends, the retailer has announced.

John Lewis Partnership, the parent company of the department store, said that eight of its 42 shops will be closed, as it attempts to “rebalance” to reflect how people now prefer to stop.

The eight stores which will close include four ‘At Home’ stores in Ashford, Basingstoke, Chester and Tunbridge Wells and four department stores in Aberdeen, Peterborough, Sheffield and York.

The move means that 1,465 jobs are now at risk, though John Lewis said it would make “every effort” to find alternative roles within the organisation for as many staff members as possible.

John Lewis reported its first-ever full year loss last month, having taken a hit from the pandemic pushing people to shop online rather than in person.

And it said that following its own research to identify customer shopping habits in different parts of the country, it could no longer “profitably sustain a large John Lewis store in some locations where we do not have enough customers”. It added that the eight shops which are being closed were “financially challenged” before the pandemic.

It added that the “significant shift” to online shopping in recent years meant that it now expects 60-70% of its sales in future to come from online shoppers rather than in-person spending.

John Lewis argued that having fewer bigger stores will allow it to invest in improving its remaining shops, while it promised to improve the next day click and collect services on offer in Waitrose stores. It is going to trial the introduction of John Lewis shopping areas in Waitrose stores, with Waitrose general merchandise products sourced by John Lewis by the autumn. 

Pippa Wicks, executive director for John Lewis, said: “Closing stores is the toughest thing we do as a Partnership because we all own our business. If the closures are confirmed, every effort will be made to find new roles for Partners and for us to continue to serve our customers by providing access to John Lewis in different ways.

“Alongside a growing online business and the expansion of next day Click & Collect, we will invest in our in-store services and experiences, as well as new, smaller neighbourhood formats and the introduction of John Lewis ranges in more Waitrose shops.” 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week