John Lewis is expected to lay bare the extent of the damage it has suffered during the pandemic on Thursday, with its first annual loss and confirmation of plans to close more stores.
Read the full article on The Guardian website
NAM Implications:
- Given that the department store model is deemed to be way past sell-by…
- …will reduced rents be any more than a brief respite?
- Cut-to-fit will help in the short term, but the question of viability remains.
- The separation of the two business models could be a way of allowing Waitrose to survive.
