Thomas Cook shuts 50 stores, 400 employees affected

Published on : Saturday, December 2, 2017

Thomas Cook IndiaThe ongoing review of Thomas Cook’s retail network will affect another 400 employees and lead to the closure of another 50 shops.

 

The closure is expected to happen between December and March 2018 is a mix of Thomas Cook and Co-operative Travel branded stores.

 

 

The affected stores were located in close proximity to others and were located where a decline in footfall made an impact on the profitability.

 

 

It was further confirmed by a Cook spokesman that 400 people would be affected but he anticipated that a large proportion will be redeployed.

 

 

The brand has dropped to a third place among the licensed tour operators in October behind Jet2holiday.

 

 

The brand had a turbulent year as there was the closure of 39 shops in February and 17 in May along with a loss of 51 homeworking jobs in April.

 

 

 

Kathryn Darbandi, Thomas Cook UK’s director of retail and customer experience said that the network of stores across the UK will be reviewed and the customers should get the best. In order to succeed it has to operate as an omni-channel business. Thomas Cook offers world-class service be it through whichever channel retail or online.

 

 

 

The online sale of Tomas Cook in UK grew by 27% in the year 2017 and 47% of the operators holiday was booked in store.

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