Bleak day for retailers as thousands of jobs at risk

Thousands of retail jobs are at risk after another bleak day for the industry, with Tesco cutting costs, the off-licence chain Oddbins trying to avert administration and the stationery business Paperchase seeking to close stores.

Britain’s biggest supermarket group confirmed yesterday that 9,000 jobs in its stores could be cut, with fresh food counters disappearing from at least 90 stores. The retailer said that customers were using its counters less frequently because they have less time to shop.

The move represents the biggest cull yet under the leadership of Dave Lewis, the chief executive whose nickname in the industry is Drastic Dave.

Click here for the full Times article (£)

Click here for the full Guardian article