Retail Consortium: 'Significant retail failures'

Half of all shops on the high street plan to cut staff over the next few months, as many struggle to stay afloat.

The warning from the British Retail Consortium comes as thousands of shop staff, made redundant since Christmas, try to find work.

ITV Daybreak's Katy Fawcett reports.

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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.