Livingston-based footwear retailer Schuh has begun a voluntary redundancy consultation, citing rising costs and challenging economic conditions as the driving factors behind the decision.
Colin Temple, President of Schuh, described the move as a “difficult decision” to restructure the business but declined to provide further details while discussions with affected staff are ongoing.
A Shift in Fortunes
The announcement marks a significant shift from just months ago when Schuh reported workforce growth. In November, the company revealed it had created nearly 400 new roles during its latest financial year, pushing its headcount to 4,369—exceeding pre-pandemic levels.
The company’s financial results also painted a strong picture, with turnover increasing from £354.4 million to £380.8 million and pre-tax profits rising from £13.4 million to £21 million. Operating under US retail giant Genesco, Schuh’s growth had been a highlight of Scotland’s retail sector.
Concerns and Calls for Clarity
Local MP Gregor Poynton has called for urgent discussions to address the situation. He has written to Temple seeking clarity on the scale of redundancies, the timeline for restructuring, and support measures for affected employees.
Poynton stated, “Schuh’s announcement will be worrying news for many families across the Livingston constituency and beyond. The company is a significant local employer, and I am determined to do everything I can to ensure employees are supported and that jobs are safeguarded wherever possible.”
He has also reached out to Scotland’s Minister for Employment and Investment, Tom Arthur, and Secretary of State for Scotland, Ian Murray, to discuss potential measures to mitigate job losses.
Wider Economic Pressures
Schuh’s announcement comes as Livingston faces broader economic challenges, including recent redundancies at Mitsubishi Electric’s heat pump factory.
Poynton added, “While Schuh seeks to restructure, I’m committed to supporting employees as the company adapts to evolving market conditions.”
This development highlights the ongoing strain on retailers and manufacturers as they navigate rising costs and shifting consumer behaviours. For Schuh, the restructuring is a stark reminder of the volatility facing even well-established brands in today’s economic climate.