Retailers warn of fresh wave of job losses and store closures - The Guardian

Retailers warn of fresh wave of job losses and store closures  The Guardian

Britain’s retailers are warning of a fresh wave of job losses and store closures after its health check of consumer spending showed the biggest drop in almost a quarter of a century last month. Blaming the political uncertainty that also led to a contraction in manufacturing, the British Retail Consortium (BRC) said sales were down 2.7% – the weakest performance since it began its monthly survey in 1995. The BRC said there had been a marked contrast between May 2018 – when hot weather and a royal wedding boosted retail sales – and the much more difficult conditions this year. Helen Dickinso...

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Retailers warn of fresh wave of job losses and store closures - The Guardian published June 04, 2019 at 06:01AM. Original Source Link : https://www.theguardian.com/business/2019/jun/04/retailers-warn-of-fresh-wave-of-job-losses-and-store-closures

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