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John Lewis announces lay offs, adds to gloom on British high street

RBR Staff Writer Published 14 February 2013

UK-based department store chain John Lewis plans to expel nearly 325 managers from its stores to cut escalating costs.

The chain will look to replace ten department managers at 28 of its stores with one or two senior managers as part of its Retail Revolution plan.

John Lewis' layoffs come in the wake of a strong Christmas trading performance with expected annual revenues to touch £475m, reported The Guardian.

The newspaper quoted an unspecified source as saying that the downsizing was necessitated as the majority of the company's sales growth was now fueled by the online business.

Managers involved were given four weeks time to put forward their views, following which a 90-day consultation on job losses starts in March 2013.

John Lewis' move adds to the existing gloom on the British high street wherein the closure of Republic could result in 2,500 jobs lost and 800 others at Blockbuster.