John Lewis of Hungerford to close two showrooms

John Lewis of Hungerford plc announces that following a review of its trading estate it has decided to close its showrooms in Harrogate and Tunbridge Wells.

Text from the announcement follows:

"The decision reflects the Board's assessment of the prospects for each showroom taking into account their recent financial performance. 

"For Tunbridge Wells, this is materially below the performance of all our other showrooms.

"For the Harrogate Showroom, the Board believe that the average sales performance of the showroom does not warrant the costs associated with supporting a showroom in the North.

"We continue to trade nationally with a more mobile sales team. This allows the business to focus on the South of England which supports our drive for improved operational efficiencies. Both showrooms are expected to cease trading by the end of December 2016.

"The two showrooms contributed sales, in aggregate, of £370,000 in the last full financial year. Costs associated with both closures will be accrued in the current year and are expected to be in the region of £100k."

Source : John Lewis of Hungerford

Sign-up for our weekly newsletter here.

If your business is interested in pricing intelligence or you're currently trying to track retail prices manually, there really is a much easier way. Just contact us here.

To advertise on the Insight DIY website and download our media pack, click here.