These include the department stores John Lewis and Fortnum & Mason, clothing chains Primark and Ted Baker, as well as grocery store chain Waitrose and fashion retail giant Arcadia Group.As the coronavirus pandemic shutters numerous UK businesses, the country's retail sector is being upended in a dramatic fashion.
British brands such as Primark, John Lewis, and the "Queen's grocer," Fortnum & Mason, are among those to have utilized the government's worker retention scheme, furloughing thousands of employees.FIILE PHOTO: Closed entrance of a Primark store on Oxford Street due to coronavirus disease outbreak in London, with CEO of parent firm AB Foods declaring the exclusively bricks-and-mortar business "entirely shut" on April 21.
All of Primark's 376 stores in 12 countries have been closed since March 22, representing a loss of £650 million of net sales per month.The London-based store took the decision to furlough 700 staff – roughly 80% of its workforce – on April 8,Fortnum & Mason, beloved of the British royal family and nicknamed "The Queen's Grocer," told the publication it would pay "the balance" of its furloughed workers' wages.
It's Primark's fault for having an unsustainable business. No online presence compared to competitors, the fact that it's completely dependant on fast fashion (Something that is losing support for Environment sake). Bangladesh has nearly 285 Mils of Clothes waiting for the UK.
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Fuente: BusinessInsider - 🏆 729. / 51 Leer más »