As per Apparel Resources, John Lewis, one of the well-known British fashion retailers, plans to halt its international expansion plans.
The fashion retailer has announced that it will no longer be accepting any orders for international delivery with effect from next week. The retailer saw its international sales fall by nearly 17 per cent last year to £10.6 million, while its operating profits slumped by 10.3 per cent to £2.1 million.
The fall in last year’s international sales has probably been one of the factors to have influenced the retailer to take the decision.
John Lewis intends to focus more on business areas that will deliver products and services for its local customers in the UK. It will stop its international delivery service next week.
John Lewis & Partners is a brand of high-end department stores operating throughout Great Britain, with concessions also located in the Republic of Ireland and Australia. The brand sells general merchandise as part of the employee-owned mutual organization known as the John Lewis Partnership, the largest co-operative in the United Kingdom. It was created by Spedan Lewis, son of the founder, John Lewis, in 1929.
