• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News

John Lewis to close all 50 stores amid coronavirus pandemic

The retailer said it was the first time in its 155-year history that it will not open its shop doors for customers.

Joe Mellor by Joe Mellor
2020-03-21 16:46
in News
Credit;PA

Credit;PA

FacebookTwitterLinkedinEmailWhatsapp

John Lewis has said it will temporarily close all 50 of its stores on Monday amid the coronavirus pandemic.

The retail giant said it was the first time in its 155-year history that it will not open its shop doors for customers, but added its online site Johnlewis.com will continue to operate as normal.

The 50 John Lewis stores are due to temporarily shut at the close of business on March 23, the group said.

Chairwomman Sharon White, said: “While it is with a heavy heart that we temporarily close our John Lewis shops, our partners will, where possible, be taking on important roles in supporting their fellow partners, providing critical services in Waitrose shops and ensuring our customers can get what they need through johnlewis.com, which is seeing extremely strong demand.

“The partnership has traded for over 155 years, during which time we have faced many difficult periods, including two world wars and the 2008 financial crisis.

“On every occasion, thanks to our customers and partners, and the long standing relationships with our suppliers and stakeholders, we have emerged stronger.

“We all need to continue to support each other and our strength and resilience will be tested. But they will not be broken.”

RelatedPosts

A lot of people are wondering how Nadine Dorries is doing right now

Zahawi’s letter to PM calls Corbyn ‘a dangerous antisemite’

This has got to hurt! Wheat field May lasted longer as PM than Johnson – reactions

#Clownfall and #ByeByeBoris trends as Johnson FINALLY resigns – Here are some snap reactions

While the John Lewis stores will temporarily close, the group said its 338 Waitrose shops will remain open, as will waitrose.com.

More than 2,000 John Lewis staff are already working in Waitrose shops to cope with “unprecedented” demand for groceries following the coronavirus outbreak, the group said.

Ms White was even reportedly seen helping to stack shelves in the Holloway branch of Waitrose.

It said staff will be redeployed to provide additional support to Waitrose and johnlewis.com “wherever possible”.

John Lewis said a surge in demand in its Waitrose shops and a reduction in footfall at its John Lewis stores made predicting its full year cash flow and profits “difficult”.

“The Government’s decision to introduce a business rates holiday will save the partnership around £160 million over the next 12 months, and in addition, VAT and wages support is welcomed,” the retailer said.

The company said it had about £1.5 billion of liquidity, consisting of £950 million cash and £500 million of undrawn committed credit facilities.

The retailer said its plans to spend more than £500 million this year will now be “scaled back significantly”, while it will also reduce the supply of general merchandise to reflect the impact of the shop closures.

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Nicola Sturgeon outlines conditions for SNP supporting Labour government

Weekly Covid deaths are quadruple this time last year

Valentino Danchev is transforming vacation memberships with Fidelis Marketing Group

Six-year-old born behind bars to British woman jailed in Pakistan has been freed & returned to UK

Corbyn says he would serve in shadow cabinet under new Labour leader

Baby Godzilla Ordered to Change Name by Japanese Cinema Giant

YouGov’s first seat by seat poll: Tories fall 16 seats short of overall majority

Watch: Emily Thornberry takes aim at Boris Johnson with this paternity test troll

Data reveals biggest gap between rich and poor university students in a decade

Quarter of tech companies say Brexit has lost them investment deals

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.