UK: Arcadia to cut up to 90 jobs
Fashion retail giant Arcadia is to axe up to 90 head office jobs as a result of “harsh trading conditions”, the company said today (7 September).
The 85-90 positions will mostly be lost in support services in the company’s five head offices, which between them employ 3,000 people, the UK business told just-style.
Arcadia, which employs about 45,000 people across the group, owns a number of fashion retailers including Dorothy Perkins, Burton and Topshop.
Analysts are expecting the group to report a cut in full-year profits to the end of August.
An Arcadia spokesperson said of the job cuts: “This is as a result of harsh trading conditions and looking at being as efficient as possible in difficult times, whilst continuing to invest in the business to the same level as before.”
Topshop is set to shutter some Irish stores as their leases expire, according to reports....
Retail software specialist Maple Lake plans to increase its presence in Australia and the Pacific Rim after completing a deal to acquire Satori Planning Pty, its former distributor in the region....
- VF Corp confirms interest in Africa sourcing
- G-Star RAW pushes the boundaries of denim
- Will Amazon take over the US apparel market?
- Euro decline weighs on Turkish clothing industry
- US groups seek workable apparel provisions in TPP
- Metallised thread for "revolutionary" RFID tag
- Manufacturing in China falls to 15-month low
- VF Corp ups guidance on "strong" Q2
- Under Armour secures Germany and Austria deals
- Millennials "changing the game" for hosiery
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Global market review of workwear - forecasts to 2019
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of denim and jeanswear – forecasts to 2020