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Marks & Spencer Cuts 950 Jobs as Thousands More Remain at Risk

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Marks & Spencer is slashing nearly a thousand jobs, with more cuts at risk in the months ahead. The U.K. apparel giant is eliminating 950 jobs, compressing what was a three-year turnaround plan into just 12 months after coronavirus-induced turmoil forced swift bottom-line action. The first round of cuts will hit headquarters and store-management-level employees,…

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