John Lewis looking to make cuts
By Rob Freeman | 1st July 2020
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.
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