Quiz, the Glasgow-based fashion group, put its physical stores division into administration in early June. Ninety-three head-office and warehouse redundancies have already been declared. The business wants to renegotiate rents for its 82 stores and the eventual size of the group will only be known, when this has been done. KPMG has been appointed to review the firm's options, which are likely to include store closures. There are 915 staff in the stores division. Quiz's online business continues unaffected, as are its 300+ concessions.Victoria's Secret, the UK arm of the U.S.-owned global retailer, went into administration early in June 2020 having made a loss now known (Aug 2020) to be £100m in the last financial year. The UK fashion trade has experienced a torrid three years and the coronavirus lockdown, which prevented 'non-essential' stores trading (though not online), has been the final hammer blow. Victoria's Secret has probably lost its original appeal: the aftermath of the … [Read more...] about Requiem for the High Street: Retail industry faces 200,000 job cuts this year after 320 shops closed every week in 2020 – while Nike, Gap and Vans are latest flagship stores set to leave Oxford Street
Walmart announces job cuts
Coronavirus: HSBC resumes 35,000 job cuts to fury of union
More from Business COVID-19: Sunak urged to extend furlough scheme before budget HSBC to shut 82 bank branches as customers shift online London Metal Exchange to propose closure of historic trading Ring COVID-19: Christmas online demand boost from cooking sauces to kitchen appliances New electric car battery can charge in five minutes COVID-19: Hunger, cold, poverty and loneliness make for a bleak midwinter … [Read more...] about Coronavirus: HSBC resumes 35,000 job cuts to fury of union
More than 1,600 UK jobs at risk at casino firm Genting
There is continuing uncertainty in the casino industry about when it will be able to welcome back gamblers. While other hospitality businesses were permitted to open their doors earlier this month, casinos have still not been told when they can reopen, prompting criticism from leading figures in the industry. … [Read more...] about More than 1,600 UK jobs at risk at casino firm Genting
How to land your dream job amid the pandemic: Recruitment expert reveals why you should sell your lockdown hobbies as skills and wear a suit even if you’re on Zoom
For some people this may be a source of relief – there are few more nerve-wracking experiences than being interviewed by a roomful of executives. But that doesn't mean you should relax or fail to prepare. … [Read more...] about How to land your dream job amid the pandemic: Recruitment expert reveals why you should sell your lockdown hobbies as skills and wear a suit even if you’re on Zoom
Debenhams confirms plans to shut six stores permanently including flagship Oxford Street store with the loss of 320 jobs
The rise and fall of Debenhams: From modest female outfitters to star-studded fashion launches with Kim Kardashian and Gemma Atkinson... how 242-year-old retail chain met its demise in 2020 By Mark Duell for Mail Online Debenhams has been a mainstay on UK high streets for 242 years, but is now set to shut its doors for good. … [Read more...] about Debenhams confirms plans to shut six stores permanently including flagship Oxford Street store with the loss of 320 jobs