EMCC European Monitoring Centre on Change

Selfridges

Company/Organisation:
Selfridges

Geographic Location

Country: United Kingdom
Location of affected unit(s): London, Birmingham and Manchester

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.19 - Other retail sale in non-specialised stores
Number Employed: 3200
Group: Selfridges Group

Employment Effects

Announcement Date: 28-07-2020
Planned Job Reductions min: 450
Planned Job Reductions max: 450
Type of Restructuring: Internal restructuring

Additional Information

Selfridges, the British luxury department store has announced that it will cut 450 jobs, approximately 14% of its workforce.

The company’s managing director said the impact of the COVID-19 crisis had caused ‘fundamental changes’ in the organisation, making it necessary to save costs while investing more in online channels.

Selfridges was founded over a hundred years ago. It currently operates four department stores: in addition to the flagship store in London's Oxford Street, there are also two stores in Manchester and one in Birmingham, as well as the online shop.

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