John Lewis considers more closures

John Lewis is reportedly be considering a fresh round of store closures.

According to The Sunday Times, the department store chain is considering eight stores for closure as parent company John Lewis Partnership pushes on with a strategy to downsize its estate and focus more on digital.

John Lewis shut down eight stores last summer, a move that reduced its store portfolio to 42 sites. Also, last year it cut 1500 head office jobs while an additional 1300 were lost due to the eight store closures.

John Lewis Partnership has not yet commented on the report. However, it might reveal details on the new round of store closures and/or further property plans March 11, when it publishes its full-year results.

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