Alongside the wide-ranging redundancies at high-street names Blockbuster, Jessops and HMV, the surprise move to cut jobs at the seemingly-stable John Lewis was met with some disappointment by analysts. However, the company insist that the cuts were merely collateral moves to begin the transition towards an online-focused store - something HMV summarily failed to do.
“As part of our plans for future growth, we are proposing to streamline management structures in some of our established shops,” said a statement from the company.
“What we are doing is anticipating how the retail market is changing and ensuring our shop model is competitive for the long term. Otherwise, we will end up in a position that some of our competitors are reflecting.”
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