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In this episode we speak to Matt Dalton, consumer sector leader at Forvis Mazars. Matt discussed the biggest challenges facing the retail sector, from cost pressures and wage increases to polarised property markets and geopolitical shocks, and the ways in which retailers can best navigate these. We also explore how short-term cost-cutting could undermine long-term resilience, and how retailers can best remain agile and adaptable in unforecastable times.

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Fashion retailer White Stuff is reportedly set to cut both sales and head office jobs as it prepares for like after lockdown.

According to Sky News, the retailer is set to make “significant” redundancies as it anticipates a reduced demand and shorter opening hours once lockdown restrictions are lifted.

It is believed that staff were notified the company would be opening a consultation on jobs earlier this week. The retailer said it was making the move in order to keep all of its 120 stores open and is making the decision from information that it has already learned from its already open German stores.

White Stuff has been contacted for comment.

The news comes as embattled department store chain Debenhams has revealed that five of its stores housed in Intu shopping centres will not reopen post-lockdown, effectively slashing over 1000 jobs.

A Debenhams spokesperson said the retailer will continue to engage in “constructive talks” with its landlords and has agreed terms on the vast majority of its stores, which it “looks forward to reopening when government restrictions allow”.

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