Half of retailers planning to cut staff

Around 50 per cent of retailers said they planned to cut staffing levels in the next few months, with only 4% expecting to create jobs, according to a new survey.

Shops Retail
A general view of closed down shops in Croydon, Greater London. Credit: Andrew Matthews/PA Archive

There were also almost 600 fewer shops last month even before the recent collapse of a raft of High Street names, according to the British Retail Consortium (BRC).

However, employment in the retail sector rose by 0.6% in the final quarter of 2012 compared with a year earlier, driven entirely by part-time workers, the study found.

The survey, covering 1.3 million workers at 25 major retailers, showed that Christmas was not a disaster for traders, but staffing levels were kept "modest".

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Half of retailers will shed jobs

Around 50 per cent of retailers will shed jobs in the first quarter of 2013, according to research by the British Retail Consortium. The number of shops fell by almost 600 last month even before the recent collapse of a raft of High Street names.