John Lewis should copy JD Sports and hit its landlords hard | Nils Pratley

Urgent action, such as renegotiating rents, is needed at the department store chain to reverse a first-half lossThe definition of a true crisis at John Lewis, one should remember, is a threat to the model of employee ownership. That happened in the late 1990s when rivals were running rings around the organisation and even the top brass at John Lewis seemed to lose faith in their chief point of difference. It is not today’s position.Record profits were achieved as recently as 2017, so the c