Marshalls, a company based in Carluke, Scotland, has decided to close its factory due to a significant drop in revenue and profit during the first six months of the year.
The closure aims to save the company £9 million but will also result in additional job cuts on top of the 150 layoffs announced the previous year.
Economic Challenges Ahead:
Analyst Perspective:
As the macro-economic factors continue to pose challenges, Marshalls’ ability to rebound in the second half remains uncertain, impacting its financial performance and disappointing investors.