‘Almost 10,000’ Retail Jobs Lost This Year In The UK

There have been almost 10,000 retail job losses in the UK so far in 2020, according to retail sector analysts, with more failures forecast. In total, 9,949 jobs have gone, said the Centre for Retail Research (CRR). A further 1,200 jobs are under threat with the collapse of Beales and Hawkin’s Bazaar last week. “We’re going to see more retail failures this year,” said Julie Palmer, a partner at insolvency specialists Begbies Traynor. “January is traditionally a really bad month for retailers and if retailers have not had a good Christmas, they will really struggle, particularly at the end of January when the quarterly rent bill is due.” Read more at BBC News.

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