Thomas Cook CLOSING down: 50 high street stores to shut — putting 400 jobs at risk

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Thomas Cook: The break firm is to shut 50 of it’s 690 high street stores

Thomas Cook has hint ated it is closing 50 of its 690 stores on the high street.

Due to take home in March next year, it put up to 400 jobs at risk with a spokesperson powerful the BBC: “We hope to redeploy a large proportion of those people.”

The full bibliography of shops shutting down has not been disclosed, but the holiday booking concern has explained that those to be shut will be decided on the close vicinity to other stores or shops that experienced a fall in customers.

It meet up just weeks after Thomas Cook reported a 40 per cent tear in earnings in the UK.

Thomas Cook stores remain an top-level channel to showcase its holiday offering

Thomas Cook

Britons are choosing to laws their holiday online where they can compare deals, which has moved the high street stores.

Thomas Cook has stated that less than half of fete bookings (47 per cent) take place in a store, despite online sales not increasing by 27 per cent.

A statement from the company explained: “Thomas Cook stockpiles remain an important channel to showcase its holiday offering and provide mastery and reassurance to customers.

“In 2017, 47 per cent of Thomas Cook holidays were booked in collect while online sales in the UK grew by 27 per cent, demonstrating extra progress in Thomas Cook’s strategy to become an omni-channel travel calling.”

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Thomas Cook: High street stores have been pretended by low sales

Thomas Cook UK’s director of retail and fellow experience, Kathryn Darbandi also said: «We continually review our network of stow aways across the UK to make sure we’re offering customers the best of Thomas Cook, and it is undisputed that to succeed we have to operate as a truly omni-channel business.”

It is thinking that a mixture of problems in the travel industry have contributed to the fail growth, such as a spate of fake holiday sickness claims, as satisfactorily as having to assist travellers who were stranded by Hurricane Irma.

The failure in the pound has also affected the travel firm.

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Thomas Cook: The feast firm is shutting the stores as more book online

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Thomas Cook: The hoards to be affected have not been disclosed

Thomas Cook has previously relished that Turkey was its third most popular holiday this year, teeth of terrorism concerns.

Turkey holidays were badly hit earlier this year, after a billy in Istanbul was targeted and resulted in the deaths of 39 people.

Flights to the surroundings were increased by Thomas Cook for the summer 2018 schedule, after an 80 per cent boost waxing year on year for bookings.

Due to its affordability, many families choose it for a inexpensive and hot summer getaway.

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