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Tag: close

Boots and John Lewis to cut 5,300 jobs and close stores | Business

Boots and John Lewis have announced plans to cut 5,300 jobs and close stores on another bleak day for the UK high street. Boots is cutting 4,000 jobs – or 7% of its workforce – by closing 48 opticians outlets and reducing staff at its head office in Nottingham as well as some management and …

Boots and John Lewis to cut 5,300 jobs and close stores | BusinessRead More

Boots to cut 4,000 jobs and close stores after dramatic fall in shopper numbers | Business

Boots is to cut 4,000 jobs – 7% of its workforce – as it closes 48 opticians outlets and sheds roles at its head office and stores. The company, which has 2,465 stores, said it was accelerating a restructuring plan after sales at its main Boots outlets dived 72% and sales at Boots Opticians dived …

Boots to cut 4,000 jobs and close stores after dramatic fall in shopper numbers | BusinessRead More

Poundstretcher could close half its stores under rescue deal | Business

Poundstretcher could close nearly half its stores in six weeks’ time, with 2,000 jobs at risk, after landlords and other creditors approved a rescue restructure. Rents will be cut by up to 40% on 84 stores and held at current rates on 94 stores under the insolvency process known as a company voluntary arrangement (CVA) …

Poundstretcher could close half its stores under rescue deal | BusinessRead More

Bar owners reckon with costly stop and starts as states close them down again

People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer.  Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19 …

Bar owners reckon with costly stop and starts as states close them down againRead More

Microsoft to close retail stores

Microsoft on Friday announced it will permanently close its 83 Microsoft Store retail locations. It will instead focus on its online store at Microsoft.com, where customers can go for support, sales, training and more. Microsoft said its retail team members will help on the website instead of in-store. A Microsoft spokesperson told CNBC that all the …

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Apple will re-close 14 stores in Florida because of rising Covid-19 rates

Customers distance before entering an Apple Store during phase one of reopening after the COVID-19 lockdown in New York City, New York, U.S. June 17, 2020. Brendan McDermid | Reuters Apple will re-close 14 stores in Florida as Covid-19 cases rise in the state, the company said on Thursday. The stores will re-close on Friday. The …

Apple will re-close 14 stores in Florida because of rising Covid-19 ratesRead More

L Brands to close 250 Victoria’s Secret stores

Dive Brief: With almost all stores temporarily closed since March 17 due to the COVID-19 pandemic, L Brands said Wednesday that first quarter net sales fell 37% to $1.65 billion from $2.63 billion a year ago. The company will close 250 Victoria’s Secret stores it owns in North America “over the next few months,” executives said …

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At least seven Debenhams stores to close with loss of 400 jobs | Business

At least seven Debenhams department stores will not reopen after the high street lockdown eases, resulting in the loss of more than 400 jobs. The department store, which collapsed into administration last week, is understood to be exiting the seven stores, including in Salisbury, Westfield in west London, Leamington Spa and South Shields, as it …

At least seven Debenhams stores to close with loss of 400 jobs | BusinessRead More

Oasis and Warehouse close to collapsing into administration | Business

The fashion chains Oasis and Warehouse are set to collapse into administration as early as Tuesday, putting some 2,300 jobs at risk. The advisory firm Deloitte is lined up to handle the insolvency process for the retail chains, which, until the coronavirus lockdown, operated 90 standalone stores and more than 400 concessions in department stores …

Oasis and Warehouse close to collapsing into administration | BusinessRead More