Published on July 1st, 2020 | by The GC Team0
“Highly unlikely” all John Lewis stores will ever reopen
John Lewis today announced plans to reopen a further ten shops, but reports reveal it is “highly unlikely” all 50 of the retailer’s stores will ever open again.
In March this year the Partnership warned it would shut stores as part of a strategic review of the business as it reported profits down 23% to £123 million for the year ended 25th January 2020. Chairman Sharon White said the company would look at “right sizing” its store estate across both brands, John Lewis and Waitrose, through a combination of new formats and new locations, repurposing and space reductions of existing stores, and closures where necessary.
Reports emerging today reveal that White has confirmed plans to close several unnamed shops, with staff being informed mid-July.
Announcing the latest store openings, Bérangère Michel, Executive Director for Customer Service at the Partnership, said: “We continue to stick to our safe, not fast approach.”
On Monday 13 July, stores in Basingstoke, Cardiff, Chelmsford, Chester, Edinburgh, Exeter, Glasgow, Stratford and the Trafford Centre will reopen. The flagship Oxford Street store will open later in the week, on Thursday 16th July.
This will take the total number of reopened stores following easing of the lockdown to 32, with plans for further reopenings later in the summer.