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John Lewis to revamp existing UK stores with £50m investment in 2013

RBR Staff Writer Published 28 February 2013

UK-based upscale department stores chain John Lewis has outlined an investment £50m to revamp its existing stores in the country by the end of 2013.

The move is expected to enhance the retailer's business prospects and involves will upgrades to its High Wycombe, Kingston and Nottingham outlets.

Smaller improvements are also expected to be made across the remainder of the 39-outlet chain.

John Lewis managing director Andy Street noted that the investment reinforces the retailer's commitment to the high street.

"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," added Street.

The biggest investment for refurbishment, £16m, will be made at the High Wycombe store to increase the trading area by a third of its current space.

The Kingston and Nottingham will each receive £7m and £1m, respectively for improvements to the store's floor space.

Creation of a home dining, entertaining and gifting emporium at the lower ground floor of the Oxford Street outlet will be carried out at a cost of £8 between May and October 2013.

John Lewis is also looking to open a second distribution centre in Milton Keynes as part of its business enhancement measures in the year.