Approximately 20,000 women have lost their jobs after the collapse of Arcadia and Debenhams as online giants Boohoo and Asos sneak up on high-street giants.
- Hundreds of stores are expected to close
- Women make up four in five in the workforce and will bear the brunt of closure.
- That would be a headache for the Prime Minister: Asos and Boohoo paid £ 48.1m in taxes in 2020 – just a few of £ 160m in Arcadia and Debenhams paid at business rates
Approximately 20,000 women will lose their jobs after the collapse of Arcadia and Debenhams.
Hundreds of stores are expected to close after online giants Boohoo and Asos move to buy high street giants. Boohoo has sealed a website deal with the Debenhams brand for £ 55 million, and Asos has entered into exclusive negotiations to buy the Topshop and Miss Selfridge brands from Arcadia without a store.
Topshop alone, which sold the range designed by supermodel Kate Moss in its heyday, had more than 10,000 employees.
Better Era: In its heyday, Topshop sold a range designed by supermodel Kate Moss (pictured).
Women are at the mercy of closure because they are made up of four in five people in the workforce, or 19,600 staff. With the addition of 6,500 redundant in Debenhams last year, that number exceeds 25,000.
The acquisition will be a headache for Prime Minister Rishi Sunak. Last year, Assos and Boohoo paid £ 48.1m tax on sales of £ 4.5bn. This is just a portion of £ 160m of Arcadia and Debenhams paid at business rates.
Retail is the largest private sector, serving 3 million people. Two-thirds – mostly women – are part-time.
The virus can reverse years of progress in getting women to work. Many clerk are women who work part-time, but men are usually responsible for new jobs as warehouse and delivery drivers.
Revo’s boss, Vivienne King, who launched a “storekeeper campaign” to demand reforms in the business pricing system, said: “Women are affected by disproportionateness.
“Online growth is creating new jobs, but it’s a double pain for women because they tend to be in warehousing and delivery, where the gender division is reversed.”
Since the pandemic, Marks & Spencer has created 8,000 redundancy, 4,000 boots, and 3,500 Argos.
Amazon has hired 10,000 and Tesco 20,000 primarily to accommodate online delivery.
20,000 women unemployed due to the collapse of Arcadia and Debenhams
https://www.dailymail.co.uk/money/markets/article-9207571/20-000-women-lose-jobs-collapse-Arcadia-Debenhams.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 20,000 women unemployed due to the collapse of Arcadia and Debenhams