Saving John Lewis: the five questions Sharon White must answer
2. How many stores will close? John Lewis has already said it will shut eight stores, but is expected to add at least another eight to that total in a bid to slash costs as more shoppers buy online. The chain would be left with 34 stores, down from 42, putting thousands more jobs at risk. The employee-owned firm has more than 70,000 staff and 417 Waitrose branches in addition to John Lewis sites. The Partnership sunk to a half-year loss of £635m in its most recent results, which prompted it to ditch the annual staff bonus for the first time since 1953. In January, the retailer reporte...
Source: telegraph.co.uk