Selfridges announces 450 job cuts
Source: Mintel 29-07-2020

UK 29-07-2020

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Upmarket department store group Selfridges plans to reduce its workforce by 14%, blaming its decision on the impact of the COVID-19 crisis. The retailer, which operates four stores, joins rival luxury retailers Burberry and Harrods which have also recently announced job cuts as a result of the pandemic.

Selfridges expects annual sales to be “significantly less” than last year due to the COVID-19 pandemic.