In recent months, the financial stability of numerous UK retailers has become increasingly precarious.The last quarter saw a 25% increase in UK retailers facing critical financial…
Browsing: operational costs
More than half of UK businesses express support for the government’s employee rights agenda, yet acknowledge increased operational costs.62% of surveyed firms show either complete or…
H&M plans to shut down its Edinburgh call center by year-end, impacting 150 workers.The closure is driven by market competition, evolving customer behaviors, and operational expenses.Affected…
H&M has announced the closure of its Edinburgh call center with a job loss of 150 employees anticipated by year’s end.Employees were informed in August about…
The Entertainer has shelved plans for two new UK stores, attributing the decision to increased National Insurance costs announced in the recent Budget.The policy change raises…
Shoe Zone experiences a challenging fiscal year with a 42% profit drop.Revenue decreased by 2.7% due to sluggish consumer demand and rising costs.Unseasonably wet weather and…
River Island, the prominent high street retailer, has reported a pre-tax loss of £30 million attributable to increasing digital competition and operational challenges.A significant decline from…
Recent closures of key Danish fashion outlets indicate a retreat from the UK market.The UK’s love for Scandi-style fashion has seen brands like Ganni and Wood…
In a challenging financial landscape, Shoe Zone experiences stable profits despite rising revenues.Shoe Zone’s revenue increases by 1.5% to £76.5 million compared to the previous year.A…