John Lewis Considering New Store Expansion

John Lewis, a century-and-a-half-old department store, is contemplating a significant expansion with potential new locations after nearly a decade. The managing director, Peter Ruis, sees physical stores as a thriving concept, especially post-pandemic. Despite recent closures and job cuts due to pandemic-induced sales slump, the company has returned to profit in 2023. John Lewis is investing £800 million in store refurbishments and focusing on making stores more experiential, with plans to add Waterstones bookshops, popular brands, and expand partnerships with Uber Eats. This expansion could be crucial for balancing their books, especially during the vital Christmas sales period.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.