Arcadia furloughs staff as senior team take pay cuts

Topshop's screens at its Oxford Street store

Arcadia has said it will furlough “a substantial number” of staff, and its board and senior leadership team will take salary reductions as it battles to deal with the fallout from the ongoing coronavirus crisis.

The struggling fashion group – which owns brands such as Topshop, Burton and Miss Selfridge – said all store staff have been furloughed from March 21, with “the majority” of head-office employees to follow suit from April 5.

All furloughed staff will be placed on the government’s coronavirus job retention scheme, which will allow them to receive 80% of their salaries up to £2,500 a month.

Arcadia closed its store estate on March 20 and said that, given the ongoing uncertainty around how long those closures would be in place, it had to take these measures to mitigate the financial impact on the group.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading 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:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

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.