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Shoppers Stop lays off more than 1,100 employees, Retail News, ET Retail

Davida Erdahl

Mumbai: Customers Quit, the country’s oldest department retail store chain, is laying off far more than one,100 workforce and closing some retailers because of to declining income and bleak need outlook for discretionary products in the wake of Covid-19 pandemic and nationwide lockdown.

Virtually fifteen% of the seven,five hundred staff members strength, mainly junior and mid-level personnel have been asked to resign by June fifteen, a few officials privy with the enhancement told ET. “These consist of 160 people today in the back again-conclude functions and over one,000 entrance conclude retail store level workforce ,” just one of them stated.

The business verified layoff designs, but stated it will re-employ the service of from the exact same established of people today the moment problem begins to strengthen.

“Like other vendors, we will be looking at closing decrease executing and unsustainable retailers,” a Customers Quit spokesperson stated. “With the declining business,

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