International Financial News

Major UK retailer John Lewis to shut 8 stores, over 1,000 jobs expected to be lost  

9th July 2020

Primary outlets in Birmingham and Watford are among the stores being axed. 

British retail brand John Lewis announced it is permanently closing down eight of its 50 stores, including major outlets in Birmingham and Watford, as well as four of its smaller At Home stores in Croydon, Newbury, Swindon and Tamworth. 

The brand’s outlets at Heathrow airport and St Pancras station in London will also close shop.

The closing of its stores is likely to result in the loss of 1,300 jobs, the Guardian reports. 

The company said that the shops were already facing financial challenges before the Covid-19 crisis struck, which then sped up the switch from in-store to online shopping.

“Before the virus struck, 40 per cent of John Lewis sales were online. This could now be closer to 60 per cent to 70 per cent of total sales this year and next,” the company said in a statement.

The announcement from John Lewis follows a flood of around 9,000 redundancies from other major UK retailers in recent weeks, including Harrods and Topshop owner Arcadia Group.

31st January 2023

MBB said that it will continue to work closely with The Malta Chamber to voice Maltese business inte...

27th January 2023

The Visa Innovation Program Europe, which opens its first edition in Malta from March 2023, will be ...

25th January 2023

Bringing Maltese and Ghanaian businesses together

9th January 2023

The campaign will see business and professional organisations sharing suggestions with their members...

Major UK retailer John Lewis to shut eight stores, over 1,000 jobs expected to be lost