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John Lewis Commits £800m to Reboot Stores as It Weighs New Openings

The staff‑owned group presents the push as a long‑term bet supported by claimed billion‑pound cash reserves.

Overview

  • The retailer will invest £800m through 2029 to transform its 36 remaining locations into experiential, lifestyle‑focused destinations.
  • Management says there are no plans to close stores and confirms expansion is under consideration for new parts of the country.
  • A 45‑minute delivery tie‑up with Uber Eats, currently on trial in two stores, is slated for wider rollout to speed purchases like headphones and beauty items.
  • John Lewis is deepening brand partnerships, with Topshop set to return to high streets via its stores from February 2026 alongside labels such as Carhartt and Charlotte Tilbury.
  • The partnership posted a £10m profit in the year to January but reported a half‑year loss and is working to stay out of the red in the current financial year.