Using furlough scheme is ‘moral judgement’ for retail, says Pets at Home boss
Pets at Home chief executive Peter Pritchard has said retailers with strong liquidity should think carefully before using the government furlough scheme.
The specialist retailer, which reported a rise in full-year pre-tax profit and a record £1bn in sales, said in its results that it had chosen not the use the job retention scheme, which offers to pay 80% of furloughed colleagues’ salaries in a bid to minimise redundancies.
Pritchard said retailers had to make a “moral judgement” about whether they needed to access the scheme in order for their business to survive the coronavirus pandemic.
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