John Lewis Partnership warns more stores set to close as it posts huge £517m losses
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manchestereveningnews.co.ukdirect to your inbox The John Lewis Partnership has warned over further store closures as it swung to a £517 million annual loss after the coronavirus pandemic battered its department stores.
The group, which also owns upmarket grocery chain Waitrose, said it does not expect all its John Lewis shops to reopen at the end of lockdown.It did not say how many of its 42 John Lewis shops are under threat, confirming it was in talks with landlords and will make a final decision at the end of March.Recent reports suggested another eight stores were earmarked to be shut, on top of eight announced in July 2020.The group also scrapped its staff bonus for the first time since 1953, as previously reported, after the coronavirus crisis sent it plunging.
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