British fashion label John Lewis is, reportedly, considering closure of 8 more stores.
If the reports are true and the retailer goes ahead to close the stores, it could lead to more job losses and more worries for its staff.
The retailer hasn’t officially commented on the same, though more details are expected to come out when John Lewis announces its full-year results on 11 March 2021.
Despite the rollout of vaccine, pandemic does not seem to be in any mood to leave the UK and the retailer sees the possibility of store closures in the days to come. The retailer’s parent firm John Lewis Partnership is, therefore, focused on reducing number of stores and going digital.
After a good holiday season, John Lewis had earlier this year repaid a loan of £300 million it had taken from HM Treasury and Bank of England for Covid relief support.
Last year, John Lewis slashed 1,500 jobs, with another 1,300 jobs hit following store closures during summer.
It remains to be seen now whether the retailer closes more stores and as and when it happens, how many more jobs are going to be hit.