Irish retailers are likely to be hit by significantly more job losses and store closures in the coming months, the industry’s two main representative groups have warned.
Retail Excellence managing director Duncan Graham said a worst-case scenario could see 100,000 of Ireland’s approximately 300,000 retail jobs go if trading conditions continue to deteriorate.
The bleak outlook follows British department store giant Marks and Spencer announcing a further 7,000 job cuts across its group.
M&S said the cuts will cover its headquarters, UK stores and regional management over the next three months and the move follows 950 of its store management jobs being cut last month.
It is not known whether any of its jobs in the North will be affected, but none of M&S’ 18 stores in the Republic will be hit.
A steadily rising number of retailers across the UK and Ireland are shedding jobs — Debenhams, Dixons-Carphone, and Brown
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