Buzz People

164,000 jobs face axe in disaster for high street

Britain's high streets are braced for ‘intense pain’ with tens of thousands of store closures predicted over the next 12 months and job losses estimated to hit 164,000.
The predicted job cuts – roughly equivalent to the population of Oxford – come on top of music and film retailer HMV being forced to appoint administrators after struggling to pay its bills.
Few retailers have escaped the malaise that has seen shoppers deserting town centres over Christmas and forced online fashion giant Asos to announce a shock profit warning.
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