John Lewis unveils £57 million refurb scheme - PC Retail

John Lewis unveils £57 million refurb scheme

Puts up £32m now and another £25m later
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John Lewis is investing £32 million to finance the refurbishment of four major stores, with £25 million earmarked for other smaller projects across its estate.

The initial larger investment will go to refurbishing its flagship store on Oxford Street, as well as the stores in High Wycombe, Kingston and Nottingham.

The largest expenditure by far will be at the High Wycombe store, which will see around £16 million spent on converting 35,000 square feet of back offices converted in to retail space.

“Investing in our shops is crucial to ensure we continue to provide powerful and compelling destinations for our customers to visit,” said John Lewis’ managing director, Andy Street.

“These upgrades reinforce our commitment to the high street, where we believe it is essential to constantly innovate and evolve. We want our shops to stand as vibrant beacons of what successful bricks and mortar retailing can bring to our towns and cities, complementing a rapidly growing online business rather than being replaced by it.”

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