Luxury department store Fenwick has announced plans to “modernise and reorganise” the business, and the chief executive warned a “significant number” of jobs were at risk.
The retailer announced plans to restructure the business, centralise operations and launch a new ecommerce site. Each of Fenwick’s stores currently runs its operations autonomously. The newly centralised human resources, IT and finance departments are set to be based at the retailer’s Newcastle office.
Chief executive Robbie Feather cautioned that a “significant number” of Fenwick’s 2,200 jobs were at risk as part of the restructuring process, although no decisions are set to be made until the end of a consultation process.
In a statement, Fenwick said: ”Fenwick has today announced a proposal to modernise and reorganise the business, moving to a functionally led structure while retaining our local focus.
“These proposals are part of a broader strategy to modernise the business and to invest in both Fenwick’s multichannel offer – including IT upgrades and ecommerce – and its flagship Newcastle store.
“We are consulting all colleagues about proposed structural changes and it is only at the end of this process that we can confirm how many posts will be made redundant.”
The 136-year-old family-run business has 10 branches around the country including sites in London, Bracknell, Brent Cross, Canterbury, Colchester, Kingston, Tunbridge Wells and York.