Retail job cuts: is there any end in sight?
As the impacts of the coronavirus pandemic hammer the economy, the retail industry has been among the hardest hit when it comes to job losses. Retail Week explores whether there is an end in sight and if further cuts could be prevented.
From River Island to Debenhams to Dixons Carphone, and from Boots to John Lewis to Marks & Spencer, retailers have collectively been culling thousands of jobs over the last few months.
According to the CBI, retail employment fell at the fastest rate since February 2009 in the year to August, as retail sales continued to suffer from the effects of the pandemic.
Now that the country is officially in recession, it seems inevitable that yet more job losses are on the horizon.
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