Fenwick modernisation drive could spell job losses

Fenwick, a department store which started in Newcastle upon Tyne in 1882 and expanded to 8 other stores, is considering centralising its operations and launching its first ever ecommerce platform. 

Amongst the changes the retailer is thinking about moving its IT, finance and HR departments to its Newcastle flagship and has also appointed its first CEO outside the Fenwick family - former Argos commercial director Robbie Feather.

Last October the department store reported pre-tax profit drop of 31.2% to £30.4m for the year ending 27th January 2017. The majority of this drop has been attributed to investment towards launching an ecommerce platform, which would be the first in the company's history.

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