120,000 retail jobs lost in 2023 due to store closures

Over 10,000 retail stores closed last year and almost 120,000 jobs were lost, according to figures shared by the Centre for Retail Research. The centre’s Director, Professor Joshua Bamfield, explained that this is “this ‘improvement’ is probably best viewed as a trend that is ‘less bad’ rather than ‘good’ and doesn’t reflect any real strength […]