John Lewis to invest £200 million in overseas expansion | RetailDetail

John Lewis to invest £200 million in overseas expansion

John Lewis to invest £200 million in overseas expansion

The British chain of department stores John Lewis will be investing 200 million pound (almost 230 million euro) in overseas expansion. The chain is not interested in opening new locations, but online shops and working with foreign partners is right up their ally.

“No physical stores overseas”

Managing director Andy Street announced that 2013 will be a year full of overseas investments, but without opening physical stores abroad. There will however be new webshops: before the end of the year John Lewis wants to open up separate stores for France and Germany.


After a “very successful try-out” with South-Korean Shinsegae, the group is on the lookout for partnerships with other department stores: “There are future opportunities to partner with other prestigious department stores around the world through that wholesale model”, says Andy Street.


Quarter of sales online

John Lewis, which opened up seven new locations in the past fourteen months, has had a great year: comparable sales grew by 10.5%, while total sales rose by 13.5% to 3.05 billion pound (approximately 3.5 billion euro) and operational profits soared by 37.2% to 216.7 million pound (250 million euro).


Mainly online sales are on the fast track, going up by 41%. At the moment e-commerce amounts to about a quarter of total sales at John Lewis. The strongest growing segment is electronics and technology (+29%), followed by fashion (+9%) and home decoration (+6%).


Andy Street sees an explanation for the positive results in the current crisis: the consumers look for brands they know and trust and they choose for retailers they can rely on for years to come.

Questions or comments? Please feel free to contact the editors

The end of the retail employee


For the first time it’s safe to say that the future of work is really fabricated by futuristic events. People will need to become just as versatile as AI technologies and blockchain applications. Are you ready?

Alibaba doubles Lazada investment


Chinese Alibaba will once again invest 2 billion dollars (1.6 billion euro) into e-commerce company Lazada, active in Southeast Asia. It invested a similar sum in the group about two years ago.

CK Hutchison owner steps down


Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Toys ‘R’ Us goes bankrupt


The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Unilever chooses Rotterdam


The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.

Claire’s edges closes to bankruptcy


Store chain Claire’s is allegedly preparing to shut down in the next few weeks. Following that, the current owner, Apollo Global Management would give the company to several debtors.

Back to top