219
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
Published
Mar 18, 2020
Reading time
2 minutes
Download
Download the article
Print
Text size

Mountain Warehouse warns of potential redundancies

Published
Mar 18, 2020

Outdoor retailer Mountain Warehouse is considering making about 2,000 employees redundant after suffering a “catastrophic” drop in sales since last Thursday.


Mountain Warehouse


The company’s founder and chief executive, Mark Neale, admitted the brand is in a “battle for survival” as the coronavirus outbreak has led to a decline in sales across its UK stores.

“Our sales have completely evaporated since Thursday and Friday last week. Yesterday our sales were about 50% down on what we would expect, and following the announcements yesterday I expect they are going to be worse today and tomorrow,” Neale told BBC Radio 4’s Today programme.

The sales situation is expected to take a turn for the worse once the UK government introduces tighter virus-control measures like Italy’s stringent quarantine.

In May 2019, Mountain Warehouse reported its 22nd consecutive year of rising sales, with revenues for the 12 months to February 24 rising by 13% to reach £255 million. During the Black Friday and Christmas period, sales grew by a further 16.2% compared to 2018.

But Neale said the coronavirus will have a significant impact on business, even for a company that is usually profitable and solvent.

“I don’t mean a rates holiday or something like that. We have already taken those numbers out of our cash flow projections. We don’t need somebody covering some sick pay, we need a response along the lines of what Gordon Brown did in the banking crisis, and it probably needs to be bigger than that,” Neale commented.

On Tuesday, chancellor Rishi Sunak announced a number of measures to keep business afloat, including business rates relief for all retailers for 12 months and cash grants of up to £25,000.

Copyright © 2024 FashionNetwork.com All rights reserved.