Luxury retailer says roles are at risk as sales remain below pre-pandemic levels
Selfridges is to launch a consultation with staff over job cuts as it battles with a mounting debt pile.
The luxury department store told staff at its head office that some of their roles are at risk as it pushes ahead with an efficiency drive intended to cut costs.
A spokesman for the retailer said: “We are in the process of reviewing how best to structure our head office to best deliver for customers. We will work through the details of this with our teams through the consultation process.” The consultation period is expected to run for around 45 days, with staff at its stores understood to be unaffected by the consultation.
At the end of last year, Selfridges employed around 2,800 workers across its head office and stores, although the majority of its staff are in its shops. The retailer is thought to employ hundreds of people in its head office. No decision has yet been made on how many roles are at risk, with executives expected to determine where costs will be cut in the coming weeks.