Warm weather melts Thorntons’ sales as HO jobs go

Chocolate retailer Thorntons today said sales declines had deepened in recent weeks as it announced a head office jobs cull to cut costs.
Like-for-like sales at its 377 stores fell 6% in the 10 weeks to June 26 - down from the 4.6% drop seen in the previous quarter - as the hot weather hit trading.
The summer period is traditionally Thorntons' weakest but a stock overhang has also forced the firm to cut prices more sharply than expected, delivering a further blow to sales.
A review of the business carried out since the end of June will see 35 staff axed from its head office in Alfreton, Derbyshire, over the next three months, the company added... read more

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July 10