The retailer is eyeing a more online future. But as the last big department store standing, could it expand in the real world?
Read the full article on The Guardian website
NAM Implications:
- Converting nearly 50% of its flagship store into office space…
- …has to be a ‘home-working’ potential own goal.
- i.e. there has to be a surplus of West End commercial space…
- …as the inevitable conversion to home-working (say 25% of office workers, at least) evolves.
- Quite apart from the department store business model being past sell-by.
