UK Footwear Retailer Schuh Is the Latest Company to Cut Jobs This Month
Stephen Garner
Senior Editor
Schuh is the latest footwear company to initiate job cuts this month in what seems to be a steady stream of companies announcing cost savings plans.
According to a statement from the Schuh managing director Colin Temple, the UK-based footwear retailer is set to implement a new round of layoffs.
“At Schuh, our people have and always will be our most important asset,” Temple said in a statement sent to FN. “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.”
While the exact number of employees affected by these cuts are unknown, Temple added that he will not be commenting any further “in the interest of respecting our employees during this time.”
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Schuh’s new plan to cut jobs comes one day after Adidas announced it would lay off an unspecified number of its staff at its Herzogenaurach, Germany headquarters in an effort to “simplify operations.”
This month, Vans and Timberland parent company VF Corporation also announced a new round of layoffs. In a statement sent to FN last week, a representative VF confirmed that it has begun a reorganization related to select commercial functions globally, “intended to align these organizational structures to its new business model.”
In December, Schuh parent company Genesco Inc. reported positive results driven by continued growth at Journeys in the third quarter. The Nashville-based footwear company reported total net sales in the third quarter of fiscal 2025 increased 3 percent to $596 million, up from $579 million the year prior. Loss from continuing operations was $18.8 million in the third quarter compared to earnings from continuing operations of $6.6 million in the prior year.
The company also noted at the time that overall sales increases for the third quarter were driven by an increase of 4 percent at Journeys, an increase of 3 percent at Schuh and a 10 percent increase at Genesco Brands, partially offset by a decrease of 4 percent at Johnston & Murphy.
