Carpetright plans to reduce its workforce by about 25%. This it plans to do by cutting around 70 jobs in its central support centre and field management teams. This decision comes as the retailer faces challenges stemming from a decline in its retail portfolio and revenues over the past eight years. The company's management hopes these changes will align its performance with operating costs to ensure the brand's future success.
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Kevin Barrett, CEO of Nestware Holdings, has expressed understanding for the impact this restructuring will have on affected employees, emphasizing the company's commitment to supporting them during this process.
While efforts are being made to streamline the supply chain and review the technology platform, Carpetright reassures that store numbers and services will remain unaffected by the restructuring. Additionally, the retailer plans to continue investing in its retail and customer experience in the coming year.
Source: www.theretailbulletin.com