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Fenwick: John Lewis rival slumps into the red and cuts jobs

Summary by City AM
Department store chain Fenwick slumped back into the red and cut jobs as it battled the cost-of-living crisis and a “changing retail environment”. The Newcastle-headquartered business has reported a pre-tax loss of £28.3m for the year to 26 January, 2024, having previously made a pre-tax profit of £57.1m in the prior 12 months. Newly-filed accounts with Companies House have also revealed that Fenwick’s turnover fell from £199.6m to £184.2m in th…
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