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  • John Lewis says more of its department stores will close down permanently.

  • It comes after the group's record costs and previous shop closures pushed it to an annual pretax loss on Thursday.

  • The firm, which operates 42 John Lewis stores, permanently closed eight last July, impacting 1300 jobs.

  • It's been grappling with the fallout from the health crisis.

  • The company said it's in talks with landlords, with final decisions expected by the end of March.

  • Its chairman described the situation as the greatest scale of change in the partnerships 156 year history.

  • John Lewis shops are now held on its balance sheet at almost half the value they were before write downs this year and last.

  • The employee owned group, which also owns the Waitrose supermarket chain, said the outlook is uniquely uncertain as the country charts its exit from the latest lockdown.

  • It reported pre tax loss of $721 million for the year ending January the 30th, hurt by exceptional costs related to the store closures.

John Lewis says more of its department stores will close down permanently.

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Britain's John Lewis set to shut more stores

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    林宜悉 posted on 2021/03/12
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