John Lewis Laura Ashley Britain Instagram covid-19 classical testing John Lewis Laura Ashley Britain

What M&S's job cut woes say about the state of the British high street

Reading now: 999
telegraph.co.uk

said it will have to cut 950 jobs in its head office and stores as it seeks to recover from the effects of the Covid-19 lockdown.It’s the next step in the retailer’s “never the same again” transformation into a leaner, more 21st-century organisation, the company says.That the news seems unexceptional points to the abysmal trading conditions so many retailers face today.

It follows John Lewis’s disclosure that it plans to close eight stores, putting some 1,300 jobs at risk; retailers including Debenhams, Laura Ashley, Cath Kidston, Monsoon, Oasis and Warehouse have all gone into administration or closed.Just because the news isn’t surprising somehow doesn’t make it less disheartening.

Read more on telegraph.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA