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  1. ITV Report

Jobs at risk as oldest department store in Southsea set to close

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More than a hundred staff members face losing their jobs at one of Hampshire's oldest department stores as bosses announce its closure.

Knight & Lee on Palmerston Road in Southsea has been trading for more than a century.

John Lewis, which owns the store, says it will shut in July, putting 127 jobs at risk.

It is the first John Lewis branch to close in 13 years.

Some shoppers say they are 'devastated' by the news, with one claiming it will 'finish' the high street.

The news comes weeks after John Lewis warned that its annual staff bonus is under threat for the first time in living memory as it battles challenging trading conditions.

  • WATCH: Shoppers express shock at closure news

The company said the decision to close Knight & Lee was driven by a number of factors, including the size and condition of the department store and the investment needed to modernise it.

It will seek to redeploy staff at John Lewis and Waitrose shops nearby.

However Operations Director Dino Rocos says that there will 'unfortunately be some redundancies'.