Mountain Warehouse may cut jobs due to coronavirus
Mountain Warehouse is considering cutting jobs due to the impact of coronavirus.
In an interview, the company’s chief executive Mark Neale said the business was in a battle for survival after seeing a “catastrophic” drop in sales. This follows a sharp decline in the number of shoppers in the last few days.
Speaking to BBC Radio 4’s Today programme, Neale said: “Our sales have completely evaporated since Thursday and Friday last week. Yesterday our sales were about 50% down on what we would expect, and following the announcements yesterday I expect they are going to be worse today and tomorrow.”
In January the retailer reported record Christmas trading when sales increased by 16.2% to £95.8 million in the 13 weeks to 29 December.
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