Retailers Slash Jobs and Embrace Automation to Cut Costs in 2025
In a wave of cost-cutting measures, major retailers like Sainsbury’s, Morrisons, and River Island are announcing significant job cuts...
cost-saving measures
The Works Reports Narrowed Losses and Modest Revenue Growth Amid New Strategy Implementation
Arts and crafts retailer The Works has reported a modest increase in revenue and narrowing losses for the first...
River Island Cuts Head Office Jobs Amid Profit Struggles
River Island has initiated a redundancy program at its London headquarters, affecting multiple departments like buying, merchandising, and HR....
Supermarkets Slash Jobs Amid Economic Challenges: Morrisons, Sainsbury’s Announce Significant Cuts
Morrisons is set to cut over 200 jobs from its retail team as part of a cost-saving initiative amidst...
Barbour’s Profits Rise Despite Challenging Market Conditions
British fashion retailer Barbour has reported a 15% increase in operating profits for the year ending April 30th, 2024,...
THG Announces 171 Job Cuts Across Six Divisions Amid Cost-Saving Measures
THG, the owner of LookFantastic and MyProtein, plans to cut 171 jobs across six departments amid a cost-saving review,...
Currys Ups Full-Year PBT Guidance
Lead: Currys announces an increase in its full-year profit before tax, expecting it to be between £115m-£120m, up from...
Carpetright seeks cost-saving measures with advisers
Lead: Carpetright, the leading UK flooring retailer, is seeking cost-saving measures amid slowing demand and rising competition, potentially leading...
Ted Baker Owner Considers CVA Amid UK Operator Split
In a surprising move, Authentic Brands Group, the owner of Ted Baker, has terminated its relationship with AARC, the...
Pandora Surges, Sainsbury’s Tops Supermarket Prices, Frasers Group Invests in Boohoo
Pandora raises revenue guidance to DKK 34-36bn (£4.2-4.5bn) due to increased store sales, as it positions itself as an...