About: http://data.cimple.eu/news-article/155ed5bbce0ae7c695d67f6cf89bef8874289ca10bd862d0c51b0e39

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/155ed5bbce0ae7c695d67f6cf89bef8874289ca10bd862d0c51b0e39 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	British department store group Selfridges warned Tuesday that it plans to axe 450 jobs after sales slumped on coronavirus and the nationwide lockdown. Selfridges, whose flagship store is on London's Oxford Street, said in a statement that it will reduce its workforce by 14 percent as a result of the COVID-19 storm that engulfed much of the sector. "Like many others, we are feeling the effects and acknowledge that the recovery will be slow, with sales this year forecast to be significantly less than they were in 2019," wrote managing director Anne Pitcher in a message to employees. "It will, without doubt, be the toughest year we have experienced in our recent history," she said, adding that "fundamental" change to the business was required. The nation's high-street retailers have already been suffering from fierce online competition from the likes of US titan Amazon. Their troubles were compounded by the March 23 lockdown, which shuttered shops nationwide until early June -- and sparked another online sales boom with most customers stranded at home. "The COVID-19 pandemic has forced change and caused us to rethink so many aspects of our lives," added Pitcher on Tuesday. "How we work, shop and socialise is changing. Of course, our high streets were changing rapidly before COVID-19 arrived. "However, the speed and magnitude of what is happening right now and the impact on trading, means we must make some more fundamental changes to our organisation to stay ahead and realise a more sustainable future." The layoffs are the latest to hit Britain's struggling retail sector so far this year, despite government efforts to safeguard employment. Earlier this month, luxury department store Harrods revealed plans to cut 680 jobs and clothing-to-food company Marks & Spencer warned it could axe 950 management and administrative posts. Pharmacy giant Boots and department store group John Lewis have meanwhile said that they would together axe at least 5,300 jobs. rfj/cdw
schema:headline	Britain's Selfridges to axe jobs on virus retail storm
schema:mentions	Marks & Spencer Computer virus John Lewis Partnership Axe Department store Flagship Moment magnitude scale University of Oxford Amazon rainforest London Lockdown Pandemic United Kingdom Severe acute respiratory syndrome coronavirus 2 Harrods CDW
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	80 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software