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Tag: Job losses

High street crisis deepens as 3,150 staff lose jobs in a week | Business

Mothercare and Links of London will disappear from UK high streets this week as 94 stores close their doors for good, resulting in 3,150 job losses. All 79 Mothercare shops and 15 Links of London will have shut by Sunday night, after both companies collapsed into administration before Christmas. The latest wave of closures, with …

High street crisis deepens as 3,150 staff lose jobs in a week | BusinessRead More

Mamas & Papas closes six stores and cuts nearly 130 jobs | Business

High street closures in 2019 Thousands of high street jobs have been lost this year as a result of high profile retail administrations and thousands more are at risk as Mothercare, Debenhams and Forever 21 prepare for closures. Here are some of the key industry names that have been affected. Mothercare: Has 79 stores and …

Mamas & Papas closes six stores and cuts nearly 130 jobs | BusinessRead More

Mothercare kicks off closing down sale | Business

Mothercare is launching a closing down sale with nearly all products “dramatically reduced” as it prepares to close all its 79 stores and its website in the UK. The baby and maternity retailer is to begin clearing stock with the sale on Friday after appointing administrators from the advisory firm PricewaterhouseCoopers on Tuesday, who are …

Mothercare kicks off closing down sale | BusinessRead More

Mothercare to cease all UK trading with loss of 2,800 jobs | Business

Mothercare is to close all of its 79 UK stores and its online business with the potential loss of 2,800 jobs after calling in administrators from PricewaterhouseCoopers on Tuesday. The administration will not include Mothercare’s profitable overseas operations, which have more than 1,000 stores in more than 40 countries – all run via franchise agreements. …

Mothercare to cease all UK trading with loss of 2,800 jobs | BusinessRead More

Scottish department store Watt Brothers goes into administration | Business

The Scottish department store group Watt Brothers has collapsed into administration with the immediate loss of nearly 230 jobs and about 80 more at risk. All 11 of the group’s stores were closed on Friday, but the flagship outlet on Glasgow’s Sauchiehall Street will open on 19 October for a clearance sale as administrators from …

Scottish department store Watt Brothers goes into administration | BusinessRead More

UK edges towards recession as service sector sinks | Business

Britain has edged closer to its first recession since the financial crisis after the country’s dominant service sector unexpectedly plunged into contraction last month, in a sign of the mounting stress facing the economy as Brexit looms. According to IHS Markit and the Chartered Institute of Procurement and Supply (Cips), activity in the sector fell …

UK edges towards recession as service sector sinks | BusinessRead More