Selfridges is planning to restructure its head office operations in a move that could affect 2% of its total workforce.
The luxury department store chain said the proposed changes are subject to consultation and could result in around 62 jobs lost.
It marks the latest round of redundancies at Selfridges as it continues to navigate a downturn in the wider luxury market and the absence of tax-free shopping for international visitors.
Selfridges told Retail Week in a statement: “We are proposing changes to some of our head office teams in line with our strategic and financial objectives.
“We are working through the details and ways to mitigate a proposed 2% reduction in our overall headcount as part of a consultation process with our teams.”
The retailer saw its pre-tax loss more than halve to £15.9m in the 48 weeks to January 4 2024, despite posting a small dip in revenues to £774.6m as it focused on higher margin sales, particularly online.
Selfridges said at the time that it continues to “feel impacts from various economic factors: reduced numbers of international visitors visiting the UK and shopping in Selfridges’ stores, with the ongoing impact of the loss of tax-free shopping for international shoppers”.
Selfridges currently employs around 3,100 people.
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