Skip navigation

Gloucestershire Business News

John Lewis looking to make cuts

John Lewis has become the latest big name high street retailer to announce plans for job cuts and closures.

The department store firm, which has an outlet in Cheltenham High Street, said it has too much store space.

Details of job numbers and the affected stores have not been confirmed although the smaller of the company's two head office buildings in London is believed to be under threat.

A company statement said: "The reality is that we have too much store space for the way people want to shop now.

"As difficult as it is, it is highly unlikely we will reopen all our John Lewis stores.

"No decision has been made and any details would be shared by the middle of July."

The retailer, which also owns the supermarket chain Waitrose, warned in March amid a drop in profits and a review of the business.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, August 11 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, August 11

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Versarien remains optimistic after reporting loss Image

Versarien remains optimistic after reporting loss

Versarien chief executive Neill Ricketts expressed "optimism and confidence" despite reporting a £4.7million pre-tax loss.

Debenhams announces 2,500 jobs to go Image

Debenhams announces 2,500 jobs to go

Debenhams is cutting 2,500 jobs from stores and warehouses in a move it says was giving the company "every chance of a viable future".

Kohler Mira put shirt on Cheltenham Town again Image

Kohler Mira put shirt on Cheltenham Town again

Cheltenham Town have agreed a two-year extension for Kohler Mira to remain as the club's shirt sponsors.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.