John Lewis warns of further store closures

John Lewis has warned that not all of its stores will reopen after lockdown restrictions ease on April 12 although it plans heavy investment in those that do remain. "There is no getting away from the fact that some areas can no longer profitably sustain a John Lewis store," said Dame Sharon White, the partnership's chair. "Regrettably, we do not expect to reopen all our John Lewis shops at the end of lockdown . . . we are currently in discussions with landlords and final decisions are expected by the end of March." The group's store estate will be reshaped over the coming five years, with more outlets designated "Destination stores" with space given over to experiences, along with smaller-format local shops and more John Lewis stores within larger Waitrose supermarkets. "Our plan is for all the general merchandise in Waitrose shops to be sourced from John Lewis," White said.

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