Carol Fairweather, chief financial officer, added that the company was looking at "opportunities to evolve the way we work. It is to cut jobs and reduce its product range by one - fifth in the hope of saving about £ ##30 billion a year , following a 10 % decline in profits , primarily due to a sharp decline in the retailer 's largest market , China .
It is to cut jobs and reduce its product range by one - fifth in the hope of saving about £ ##30 billion a year , following a 10 % decline in profits , primarily due to a sharp decline in the retailer 's largest market , China .