| | |
Share

Retail employment 'rising'

The second quarter of 2010 saw retail full-time equivalent employment rise by 3.6 per cent compared with the same three months of 2009.

This is according to the latest Retail Employment Monitor report from the British Retail Consortium (BRC) and Bond Pearce.

According to the study, there was also a 3.1 per cent net increase in store numbers.

Stephen Robertson, director-general of the BRC, commented: "It's a remarkable achievement that, in the face of economic uncertainty, retailers in our monitor have created 22,000 jobs and added nearly 500 stores since this time last year."

He added: "Economic conditions and consumer confidence have certainly improved in the last 12 months but from a weak starting point."

The news follows the latest Consumer Confidence survey from Nielsen and the BRC.

Despite the reported improvement in the retail sector, the survey fell by two points in the last three months largely due to concerns surrounding the wider economy.
 ADNFCR-1898-ID-800009034-ADNFCR

Accountants and Business Advisers © 2010 BDO LLP. All rights reserved. BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business. BDO is the brand name for the BDO network and for each of the BDO Member Firms.