
Schuh has started a voluntary redundancy process with its staff as it looks to trim costs across the footwear chain.
The retailer’s president Colin Temple told The Scotsman that “due to ongoing challenging economic conditions and rising costs, we have made the difficult decision to restructure our business”.
“We are going through a voluntary redundancy process in some areas of business,” he said.
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Temple did not provide details of how many jobs were at risk or what departments were affected by the restructure.
It comes as Schuh revealed last November that it had hired 400 in its most recent financial year, raising its headcount to 4,369.
Pre-tax profits for the chain rocketed 56% to £21m, up from £13.4m, as UK sales rose 8% to £356m.
Its not the only retailer that is reducing its headcount, with River Island calling in advisors at AlixPartners to assist in managing costs and improving profitability as the high street faces the looming prospect of tax hikes in April.
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