London — Britain’s retail industry suffered a fresh blow, with two high-profile department stores cutting hundreds of jobs in response to the coronavirus crisis.

Harrods, the luxury emporium, is planning to cull as much as 14% of its 4,800-strong workforce. John Lewis, a mass-market retailer, said some shops will not reopen following the lockdown and warned that it may not pay a bonus to its employee-owners in 2020. It would be the first time there was no payout since World War 2...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now