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Brent Cross 'anchor store': BBC: "Fenwick cuts 408 jobs to modernise"

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"[Brent Cross] retailer Fenwick has cut 408 jobs at its department stores across England.

"... The restructuring is in response to a drop in profits, declining sales and a need to modernise.

"A spokeswoman for the company said all department stores were facing 'challenging market conditions' and increased online competition. Declining footfall and 'increasingly competitive price discounting' had been 'exacerbated by a rise in the cost of living', she said.

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