Division retailer proprietor John Lewis is planning to chop jobs and shops in an effort to slash prices.
The agency stated it had come to phrases with the actual fact it has an excessive amount of retailer house.
The information was first shared with employees on the firm, which is owned by its staff.
The variety of shops and jobs affected has but to be determined, John Lewis stated. Cuts might additionally embrace the smaller of its two head workplace buildings in London.
“The fact is that we have now an excessive amount of retailer house for the best way folks wish to store now and we have now shared this with our Companions,” the corporate stated in a press release.
“As troublesome as it’s, it’s extremely unlikely we’ll reopen all our John Lewis shops. Nonetheless no determination has been made and any particulars can be shared with Companions first by the center of July.”
The information was first reported by the Night Customary, which obtained a replica of the memo to employees.
It follows a warning from the corporate in March that it might shut outlets, as a plunge in income compelled it to chop employees bonuses to their lowest degree in nearly 70 years.
The retailer, which additionally owns Waitrose, launched a assessment of the enterprise which it stated would contain “proper sizing” its shops throughout each manufacturers.