John Lewis 5k payrise

toonsy:

DCPCFML:
Enjoy it while it last. JLP won’t exist in a couple of years imo.

It’s one of those names on a list of names where it wouldn’t surprise me to just see it go under overnight. Like Debenhams had that feeling for years before going pop etc.

They lost their way years ago. People used to shop there because a) they had what you wanted in stock and b) their ‘no quibble’ return and refund policy. Now, they never have anything in stock - it’s always “but we can order it in for you” and now the staff give you a load of grief over returns and will only refund as a last resort. They’ve basically annihilated their entire market who now use Amazon or one of the hundreds of other online retailers. Physical bricks and mortar department stores are finished. Those still in existence are on borrowed time. I give JLP 5 years tops, but I think 2 is more likely. M&S won’t be far behind them either, although the food side seems to do fairly well.