Type
Internal restructuring
Country
France
Region
Location of affected unit(s)
Sector
Retail
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.72 - Retail sale of footwear and leather goods in specialised stores

124 jobs
Number of planned job losses
Job loss
11 jobs
Number of planned job creations
Job creation
Announcement Date
3 October 2018
Employment effect (start)
8 October 2018
Foreseen end date
30 June 2019

Description

The shoe retailer Chaussexpo has announced a plan to close 35 of its 223 stores by the end of 2018, and to cut 124 jobs. 94 job cuts will result of the closing stores and the remaining job cuts will affect the company headquarters at Lesquin, near Lille (Nord). Chaussexpo was placed in receivership in February 2018. The company had already closed 29 stores in 2017.  Its recovery plan includes reducing costs, increasing its number of collections from two to four, updating the e-commerce site and creating 11 jobs in cross channel and social media marketing. The company employs 744 people in its retail activities and 64 in its logistic activities.


Sources

Citation

Eurofound (2018), Chaussexpo, Internal restructuring in France, factsheet number 95661, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95661.