Reports of eight more store closures is 'speculation' says John Lewis
- Credit: Archant
Retail giant John Lewis, with a store in Norwich, refused to be drawn on reports that it is closing more shops nationwide.
National reports stated the retailer's chairwoman Dame Sharon White could shut up to eight more stores permanently, with the chain’s bigger, older and regional venues most at risk.
It follows eight store closures last July with the loss of 1,300 roles.
But there was no confirmation of this today from neither the Norwich store's manager Richard Marks nor the press office.
The only statement to this newspaper from a spokeswoman was: "It was a speculative article in the Sunday Times - we don't comment on speculation."
You may also want to watch:
The report stated in some cases, John Lewis would move out of some costly big premises to relocate to smaller stores nearby.
The issue of high rentals has been the cause of other large retailers to close, particularly the troubled Arcadia group which operated stores in many big shopping malls nationwide.
- 1 Police fine 39 second-homers and day-trippers in resort crackdown
- 2 Family of missing man informed after body found near lake
- 3 Drama as police plane circles villages for missing person
- 4 Rogue trader jailed after taking thousands of pounds from customers
- 5 A 42-bedroom hotel with ballroom and set in three acres for sale
- 6 More than 40pc of people in Norfolk have now had their first Covid jab
- 7 Builder wants zero affordable homes in development – after promising 13
- 8 Seafront Bath House homes for sale again after price drop
- 9 Seafront beach chalets demolished as part of major £1.6m scheme
- 10 'Unsatisfactory and dangerous situation' - Man frustrated by unlit roadwork
However, in Norwich, John Lewis owns the massive building in All Saints Green, which it purchased for £27.7million back in 1988 when it took over the store from Bond's.
As well as this, the Norwich store operates in a lease agreement from the building which doesn't expire until 2042, giving even more security.
John Lewis is closed currently because of Covid. After the last lockdown eased, the Norwich store was one of the first which the retailer decided to reopen.
Any further announcement is expected around the time of the publication of its annual results on March 11.