Scottish-founded footwear retailer Schuh has informed staff that it will begin a restructuring process, which includes reducing its headcount.
The number of job losses has yet to be disclosed, but it follows the hiring of 400 staff in its most recent financial year, raising its headcount to 4,369.
Colin Temple, president of Schuh, told The Scotsman: “At Schuh, our people have and always will be our most important asset.
“Due to ongoing challenging economic conditions and rising costs, we have made the difficult decision to restructure our business.
“We are going through a voluntary redundancy process in some areas of business. In the interest of respecting our employees during this time, we won’t be commenting any further.”
In 2011, Schuh was bought by Nashville-based speciality retailer Genesco. In its 2024 financial year, Genesco reported a full year pre-tax loss of $21.8mn (-0.9% on the previous year) on net sales of $2.3bn (-2.5%).
Schuh becomes the latest high street retailer to announce restructuring plans, following fashion brand River Island which reportedly called in AlixPartners to work on a cost reduction and profit improvement plan earlier this week.
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