redundancies news and archive

New Look head office staff face new redundancies

New Look employees are facing redundancy once more, as the retailer continues to restructure as an omnichannel and digital first business. This time it is the retailer's head office roles which have come under scrutiny. Over the past few years New Look has reduced its real estate portfolio by almost 50 percent, from 800 stores to just over 400...

BusinessFeatured

Pandora announces strategic reorganisation and redundancies

Jewellery brand Pandora has confirmed that it is pushing forward with its rebrand with a new strategic reorganisation geared at establishing a consumer-focused business with what it is calling a “strengthened leadership” team in order to support its future growth ambitions. Announced as the “next important step” of its Programme Now initiative,...

Retail

UK retail industry could lose close to 1 million jobs by 2025

The UK retail industry is expected to say goodbye close to 1 million jobs by 2025, according to a new report from the British Retail Consortium. As the retail sector is predicted to shrink over the next decade, the BRC predicts that up to 900,000 jobs will be cut in addition to thousand of store closures. But not all is dire, as the industry...

Business |UPDATE

Clarks prepares to cut 170 roles over the next month

British footwear retailer Clarks is preparing to terminate a total of 170 jobs over the next month as part of its business review and global restructuring plan. The scheme, which is set to continue over the next month, has resulted in the termination of 50 jobs at the footwear retailer's head office, with an additional 120 roles expected to be...

Retail

Tory Burch reorganization leads to company redundancies

Over 100 employees at US fashion label Tory Burch were made redundant last week, following a company wide restructuring scheme. Tory Burch, which is led by its eponymous founder, is said to be investing heavily into new business areas, such as Tory Sport, as well as external categories such as watches and fragrances, which are under license to...