The problems afflicting the UK high street have been illustrated by news from the Local Data Company (LDC) that showed a quarter of former BHS stores remain vacant, even though the retailer collapsed in 2016.
The UK department stores sector is reeling post-pandemic and after news that John Lewis is reviewing its strategy, it has emerged that Debenhams' owner could go under and half of Harvey Nichols' stores remain shut.
John Lewis’s chair Sharon White has signalled major shifts in strategy. In an interview she talked of adjustments to its price-match policy but more importantly, reining-in its expansion in own-brand fashion.
Two big names are making strides in what were once ‘alternative’ approaches to retail. Selfridges and John Lewis have entered product rental while the former has also unveiled an even bigger focus on sustainability.
Department stores chain John Lewis has announced that, “following a successful trial”, it’s rolling out a new “progressive supplier engagement programme” called Better Jobs to all of its 120 UK manufacturing suppliers.