‘Replacing the old, stuffy department store’: John Lewis boss on its revamp
PositiveFinancial Markets

- Peter Ruis, managing director of John Lewis, announced a significant £800 million revamp of the chain's 36 remaining stores, aiming to bring 'radical relevance' to the department store format amidst a challenging retail landscape where competitors like Debenhams and House of Fraser have closed numerous locations.
- This strategic investment reflects John Lewis's commitment to adapt and thrive in a changing market, potentially positioning the retailer for growth and revitalization as it seeks to attract customers back to its stores.
— via World Pulse Now AI Editorial System
