Luxury department store Harrods is poised to make hundreds of redundancies, blaming the coronavirus pandemic for stifling sales and driving down tourism.
In an email circulated to Harrods staff yesterday, chief executive Michael Ward said that 680 jobs would likely be cut in “parts of the business that have been most affected by the challenges of lockdown”.
Harrods currently employs 4,800 staff and put the job losses down to the “ongoing impacts of the pandemic”, namely social distancing guidelines and a lack of tourists travelling to the UK.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.