Britain’s John Lewis To Close 8 More Stores Putting 1,465 Jobs At Risk

The John Lewis Partnership will permanently close eight more stores, jeopardizing 1,465 jobs, as it reshapes its business for the digital age, the employee-owned British retailer said on Wednesday. Multiple COVID-19 lockdowns have heaped pressure on store-based groups already struggling with tight margins and intense competition from purely online players. The 156-year-old group said the shops, including department stores in the Scottish city of Aberdeen, Sheffield and York in northern England, and Peterborough in central England, would not reopen when the current lockdown ends. Read more at Reuters.