John Lewis Partnership is looking to downsize its central London headquarters after thousands of employees switch to remote working.
The parent company of John Lewis and Waitrose announced last year it will be moving its headquarters, but was waiting for the lease on its current 220,000sq ft site in Victoria to run out.
However, according to The Sunday Times, only half of its current office is being used, resulting in some floors being closed off entirely due to the lack of staff present.
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Instead, it is now seeking a location with about 100,000sq ft of space.
A John Lewis spokesperson said: “We announced last year that we’re moving to a new London office that better suits our needs when our current lease expires next year.
“Like many businesses, we don’t need as much space now we have a blended approach to working in offices, home and out in the business.
“As our requirements for office space reduce, we also expect to reduce our occupancy costs.”
The move comes as the employee-owned company reported an annual loss of £234 million.
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