Almost 120,000 retail staff misplaced their jobs final 12 months

Almost 120,000 retail staff misplaced their jobs final 12 months because the High Street was hit by collapses of shops together with Wilko.

The Centre for Retail Research revealed {that a} whole 119,405 jobs have been misplaced throughout the sector in 2023.

Their evaluation additionally discovered that 10,494 shops shuttered. Wilko’s demise noticed round 400 shut. 

Collapse: The Centre for Retail Research revealed {that a} whole 119,405 jobs have been misplaced throughout the sector in 2023

Firms together with well being retailer Planet Organic additionally went to the wall in 2023.

But the variety of retailer closures declined 38.8 per cent in comparison with 2022 whereas job losses have been down 21.3 per cent.