A business expert is warning around 14% of retailers in Wales face going bust.
Chris Parry, from Cardiff Metropolitan University, says 2013 will be the toughest year of the recession to date.
It follows recent job losses at big chains HMV, Jessops and Blockbuster.
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Welsh Secretary Stephen Crabb has launched an attack on Labour leader Ed Miliband, saying he "doesn't give a toss about Wales".