{"id":10303,"date":"2023-09-04T03:03:37","date_gmt":"2023-09-04T03:03:37","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/john-lewis-faces-extreme-challenges-in-making-profit-from-housing-scheme\/"},"modified":"2023-09-04T03:03:37","modified_gmt":"2023-09-04T03:03:37","slug":"john-lewis-faces-extreme-challenges-in-making-profit-from-housing-scheme","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/john-lewis-faces-extreme-challenges-in-making-profit-from-housing-scheme\/","title":{"rendered":"John Lewis faces &#8216;extreme challenges&#8217; in making profit from housing scheme"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div id=\"post-143828\">\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"400\" class=\"entry-thumb\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/shutterstock_1409457584-1-1-1.jpg\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/shutterstock_1409457584-1-1-1.jpg 600w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2022\/11\/shutterstock_1409457584-1-1-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" alt=\"John Lewis\" title=\"\"\/><\/div>\n<p>John Lewis advisers have warned that it faces \u201cextreme challenges\u201d in making money from its scheme to convert parts of its stores into housing.<\/p>\n<p>According to The Telegraph, plans to construct over 400 flats above a West Ealing Waitrose could cost the company far more than its worth on paper.<\/p>\n<p>Planning documents have revealed the development could result in a negative return of \u00a357m for the business.<\/p>\n<p>Property consultant Quod, which carried out the early analysis, said the \u201cfinancial viability of the scheme is extremely challenging\u201d.<\/p>\n<hr\/>\n<h5 style=\"text-align: center;\"><strong>Subscribe to Retail Gazette for free<\/strong><\/h5>\n<p style=\"text-align: center;\"><span class=\"x_al\">Sign up\u00a0here\u00a0to g<\/span><span class=\"x_al\">et the latest news straight into your inbox each morning<\/span><strong><span class=\"al\">\u00a0<\/span><\/strong><\/p>\n<hr\/>\n<p>Current predictions reveal that John Lewis\u2019 scheme would be worth just \u00a3183m based on present-day values, but cost roughly \u00a3240m to carry out, the Telegraph reports.<\/p>\n<p>The project comes under one of three housing schemes the business has in the works, under part of John Lewis Partnership chair Dame Sharon White\u2019s attempts to diversify the company away from retail.<\/p>\n<p>The business aims to generate two-fifths of its profits via non-retail areas by 2030.<\/p>\n<p><em><strong>Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n<footer>\n<\/footer>\n<\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Lewis advisers have warned that it faces \u201cextreme challenges\u201d in making money from its scheme to convert parts of its stores into housing. According [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9742,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=10303"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/10303\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/9742"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=10303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=10303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=10303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}