Around 50 per cent of retailers will shed jobs in the first quarter of 2013, according to research by the British Retail Consortium.
Speaking to ITV Daybreak, Employment Minister Mark Hoban said that the overall employment figures are good, and that jobs are being created.
He added that the high street is changing and job descriptions will change too.
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Rob Lowe said he was "devastated" by his close friend's death.
The company is relaunching the beloved classic alongside new lines.
Once named as Britain's tallest man, the 7'7" star played Mag The Mighty in the fantasy series. He died following heart failure.