There was fresh evidence of a downturn on the high streetyesterday as a new survey revealed jobs were being lost at thefastest rate since 1992, while retailer Boots issued a shock profitswarning.
According to the CBI's latest quarterly Distributive TradesSurvey, retailers cut jobs over the year to February at the fastestrate since 1992, reflecting the fierce pressure sales and prices arenow under in this sector.
Retail sales in February were further below the average for thetime of year than at any time for six years.
In the year to February, sales barely grew at all.
Fifteen per cent of retailers said they were employing more peoplethan a year ago …
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