John Lewis announces multi-milllion pound store upgrade programme
John Lewis is to invest £32 million in refurbishing four of its department stores this year, including its flagship store on London's Oxford Street.
Other stores set to benefit from the investment include High Wycombe, Kingston and Nottingham. A further £25 million has also been earmarked for other smaller investments across the retailer's 39-strong shop estate.
Andy Street, managing director of John Lewis said: “Investing in our shops is crucial to ensure we continue to provide powerful and compelling destinations for our customers to visit. 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.”
The retailer will spend £8 million on improving its flagship London shop on Oxford Street. Work will take place between May and October this year and will include a full upgrade of the lower ground floor creating a home dining, entertaining, and gifting emporium.
Simon Fowler, managing director of John Lewis Oxford Street, said: “The branch is the flagship shop for the John Lewis brand and operates in a unique competitive environment on Oxford Street. The multi-million pound overhaul of the lower ground floor is another example of our product range and shopping environment continually evolving to maintain our market-leading proposition.”
At John Lewis in High Wycombe, £16 million will be spent on converting a 35,000 sq ft of back-office space to increase the shop's selling area by one third. The first phase of the makeover has started on the shop's back-office space, with work on the selling floors beginning in early April. The work is due for completion in October 2013.
John Lewis Kingston will begin a £7 million refurbishment of its ground floor in May, completing in October this year. An additional 7,000 sq ft of ground floor selling space will be created by infilling two wells above the Waitrose store in the shop's basement and further conversion of back of house space. The overhaul will expand the store’s existing departments, enabling it to introduce a number of new brands.
The retailer's Nottingham store will receive a £1 million makeover of its first and third floors which will see an upgrade of the shop's beauty department. The improvements will increase the selling space to over 8000 sq ft with the project set for completion in May 2013.
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