Job cuts: The retailers that have made redundancies in 2023

The retailers making job cutsjob cuts“/

Nearly 15,000 job cuts have been made in retail so far this year in the UK, according to industry research published this week in a “brutal” start to 2023.

Some 14,874 roles have been cut or made redundant since the start of 2023 as rising costs pile pressure on retailers, according to data from the Centre of Retail Research.

Retail Gazette rounds up the retailers that are axing jobs this year.


M&Co

M&Co

M&Co plunged into administration in December and although it was rescued by Yours Clothing’s owner, its 170 store estate will close this spring, resulting in the loss of almost 2,000 jobs.

After M&Co appointed administrators for a second time at the end of last year, after previously collapsing in 2020, AK Retail Holdings bought the brand and intellectual property of M&Co.

However, the purchase did not include physical stores, meaning they will now close down at Easter.


Paperchase

Paperchase

Tesco bought the Paperchase brand and related IP in a pre-pack deal last month after it plunged into administration, however, it did not take its stores.

Therefore all 106 UK stores, which employ 800 staff, will close in the coming weeks.


Tesco

Tesco

At the start of the year Tesco unveiled plans to axe its remaining food counters and is rolling out a new store management structure, in a suite of store changes that will put more than 2,000 roles at risk.

Over the last couple of years the grocery giant has introduced a new management structure in approximately 350 of its smaller superstores.

The supermarket has also proposed the closure of eight pharmacies, where there are other pharmacies within one mile of a store.

Tesco said all affected colleagues will be offered alternatives roles in-store, adding “where we can work with a third party to offer a

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