Toy market news

UK: John Lewis considers further store closures

By toyworldmag.co.uk

John Lewis may close up to eight of its remaining outlets in response to the effects of the Covid-19 pandemic.

The partnership is understood to be considering a new round of store closures, as the company re-examines the scale of its national network of branches. The new review of the John Lewis operation comes less than eight months after the partnership announced its first wave of closures that affected eight stores.

Those closures came at a cost of 1,300 jobs, with shops in Croydon, Watford, Newbury, Swindon and Tamworth now shuttered, as well as small hubs at Heathrow airport and London St Pancras station.

Up to eight more of the 42 remaining outlets could now be closed, according to a report in the Sunday Times, as John Lewis considers cutting space and costs by moving into smaller sites.

The retailer has declined to comment, but any closures would be a new blow to Britain’s  high streets, particularly following the recent demise of Debenhams and the Arcadia chain, whose stores will both disappear from town centres and shopping malls accross the UK.

Read more