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Tag: cuts

Here are all the retailers that have made job cuts since lockdown

According to figures compiled by the PA news agency, the retail bloodbath has claimed or put under threat at least 41,400 UK jobs since the lockdown in late March. Meanwhile, data from the Centre for Retail Research published in July revealed that at least 24,348 jobs have already been lost across insolvent UK retailers this …

Here are all the retailers that have made job cuts since lockdownRead More

Nature’s Fusions Welcomes New Earth-Shattering Price Cuts

Nature’s Fusions is situated to disrupt the hemp market in the best possible way. Many people were impacted by COVID-19, including retailers, consumers, and suppliers. Trying to make the best out of an unfortunate situation, Nature’s Fusions is cutting their hemp product pricing in half. Everyone Should Be Able to Afford Hemp “We believe this …

Nature’s Fusions Welcomes New Earth-Shattering Price CutsRead More

202 immediate job cuts as Oasis & Warehouse files for administration

// Oasis and Warehouse group files for administration, appointing Deloitte to handle the process // 202 jobs have been made redundant, while 1800 others are on furlough // Oasis, Warehouse & The Idle Man continue to trade online in the short-term while administrators assess options An immediate 202 jobs have been made redundant and a …

202 immediate job cuts as Oasis & Warehouse files for administrationRead More

Morrisons cuts prices on hundreds of items in supermarket battle | Business

Morrisons has cut the price of more than 500 everyday groceries including beef mince, coffee and biscuits as it battles to climb out of a sales slump. Industry data shows Morrisons is the worst-performing member of the big four supermarkets amid an exodus to the fast-growing discounters Aldi and Lidl. Shares in Yorkshire-based Morrisons have …

Morrisons cuts prices on hundreds of items in supermarket battle | BusinessRead More

BREAKING: Stage Stores cuts staff, closes dozens of stores

Stage Stores has laid off corporate staffers this week, according to two people familiar with the company’s operations as well as social media posts and message boards.  The exact number of employees let go is unclear, as the company did not announce the total layoffs to staff, but two sources said the number was more …

BREAKING: Stage Stores cuts staff, closes dozens of storesRead More

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreak

Coach parent Tapestry reported second-quarter earnings and sales that topped analysts’ expectations but warned of headwinds in Asia, including the coronavirus outbreak in China. Tapestry also made several C-suite appointments, including the appointment of Liz Fraser as CEO and president of Kate Spade, effective March 1. She will take over control of the struggling brand …

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreakRead More

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreak

Coach parent Tapestry reported second-quarter earnings and sales that topped analysts’ expectations but warned of headwinds in Asia, including the coronavirus outbreak in China. Tapestry also made several C-suite appointments, including the appointment of Liz Fraser as CEO and president of Kate Spade, effective March 1. She will take over control of the struggling brand …

Tapestry names new CEO for Kate Spade; cuts guidance on coronavirus outbreakRead More

Convenience stores urge Link to scrap further ATM fee cuts | Money

Convenience stores are urging the operator of the UK’s largest cash machine network to scrap further cuts planned to the fees it charges for transactions in an attempt to stem the “torrent” of free-to-use ATM closures. The Association of Convenience Stores (ACS) said previous cuts by Link to the so-called interchange fee – payments made …

Convenience stores urge Link to scrap further ATM fee cuts | MoneyRead More

Sports Direct profits rise as it cuts House of Fraser losses | Business

Sports Direct has said it expects to increase profits by up to 15% this year after reducing losses at House of Fraser. Mike Ashley’s retail empire forecasts profits of up to £390.3m for the year to April 2020 after underlying pretax profits increased 58% to £101.8m in the first half. Losses almost halved to £15.9m …

Sports Direct profits rise as it cuts House of Fraser losses | BusinessRead More