2000 jobs at risk as Mountain Warehouse in “battle for survival”

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Mountain Warehouse Mark Neale covid-19 job cuts
On Monday, sales were down 50% which CEO Mark Neale expects to worsen in the coming days
// Mountain Warehouse CEO mulls job cuts after Covid-19 outbreak impacts sales
// The retailer is now in a “battle for survival”

Mountain Warehouse chief executive Mark Neale has warned that redundancies are likely after the retailer experienced a “catastrophic” drop in sales from the coronavirus outbreak.

The outdoor clothing and equipment retailer posted a 22nd consecutive year of record Christmas sales in January, after total sales for the 13-week period ending December 29 surged 16.2 per cent year-on-year to £95.8 million.

However, Neale said Mountain Warehouse is now in a “battle for survival” following a recent sales drop.


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Consequently, Neale called for the government to take “urgent” and “enormous” action to help businesses around the country.

He added that he expects low footfall to worsen following the government’s new advice against large public gatherings.

Neale told Radio 4’s Today programme that Mountain Warehouse’s sales “completely evaporated” since Thursday and Friday last week.

On Monday, sales were down 50 per cent, and Neale expected things to worsen in the coming days.

Mountain Warehouse operates nearly 400 stores across nine countries.

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2 COMMENTS

  1. Shame. But then, if you can consider making 2,000 staff redundant after only 48hrs of suffering a mere 50% drop in sales? Then, the business clearly must have been leading people on or misleading the media with false claims of record breaking sales consistently year after year etc.
    So, if the business figures publicised suggests consistency in smashing financial targets and doing so well? Where are all those millions of pounds then? You cannot tell me that after only 48hrs after suffering a sudden 50% drop in sales that the company isn’t financially beefed up to so quickly announce to the media that they are considering such a mass redundancy slaughter of jobs? If I’m not mistaken, that number of redundancies has got to reflect their entire estate surely?

    Goodbye Mountain Warehouse.

    Hmmmmm?

  2. The same is happening to Cotswold Outdoor. The HR department is bullying staff into quitting or threatening them with being fired. Nasty place to work. They sent all staff home last week saying they would be paid up to the end of the month then 80% salary. Now they’ve renegaded on that offer and no one knows if they’ll get paid at all. They are even closing their sister stores Cycle Surgery which they bought up and the run into the ground And this is a company with 2.6billion of profits across Europe. Shocking

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