Footwear retailer Schuh has made a number of redundancies across the business as part of a restructure in a bid to cut costs, Retail Week understands.
The embattled brand confirmed it is set to axe 39 jobs across the business, with some jobs going on a voluntary basis and others being compulsory reundancies.
It is understood that the job cuts, which a source said were confirmed at the end of February, come as part of a restructure at the business amid rising costs and an âongoing challenging economic environmentâ.
The round of redundancies has impacted staff across Schuhâs head office locations and its stores.
Schuh president Colin Temple told Retail Week: âDue to ongoing economic challenges, we recently made the difficult decision to restructure certain areas of our business.
âThis restructure includes a combination of voluntary and compulsory redundancies across our stores and head office locations, resulting in 39 roles being made redundant across the whole business.
âWe understand that any restructuring exercise brings with it uncertainty, and we are focused on supporting our people during this time.â
The news comes after it was reported at the end of January that staff had been informed by senior management that a voluntary redundancy process was set to be launched.
For the year to February 3, 2024, Schuh reported pre-tax profits of ÂŁ21m, up 57% year on year, while EBITDA was also up 36% to hit ÂŁ28m.
Sales at the footwear specialist for the year rose 7.4% to ÂŁ380.8m.
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