John Lewis highlights struggles of the high street by asking landlords for discounts

Latest News | Property & Construction | Retail

John LewisJohn Lewis is seeking discounts from many of its landlords, as the retailer is looking at cutting costs across the company.

The move highlights the current plight of the high street, and the pressures put on retailers across the country.

In a statement John Lewis said: “At a time when we are doing everything we can to reduce our cost base, we have unfortunately been faced with regular increases to the service charges we pay for some of our shops in shopping centres.

“Over the last three years we have seen an increase in service charges of 20% and these continued increases are simply not acceptable, particularly in the absence of strenuous efforts by landlords to work collaboratively with us to reduce these costs.We are investing more in our current shop estate than ever before to do everything we can to encourage customers to grow footfall to our shops and we hope that our landlords will support us in continuing to do this.”

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