Friday November 27, 2020

Retail sector facing significant job losses

Aggressive price cuts in the run-up to Christmas failed to help retailers boost their sales, and tens of thousands of workers in the retail sector are now likely to lose their jobs, according to research from Retail Excellence Ireland and CBRE.

Susan Mitchell

Deputy Editor and Health Editor

@susmitchellsbp
24th January, 2009

Aggressive price cuts in the run-up to Christmas failed to help retailers boost their sales, and tens of thousands of workers in the retail sector are now likely to lose their jobs, according to research from Retail Excellence Ireland and CBRE.

The survey of the retail sector in the fourth quarter of 2008 shows an industry reeling from falling sales and lower profits, with some products even being sold at cost. Overall sales fell by...

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