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Graduate vacancies may be harder to come by as 'thousands of shops to close'

Published: Monday, 31 January 2011   Category: Retail

About 10,000 retail outlets are going to close this year, which may result in few graduate vacancies in the sector, according to an expert.

Joshua Bamfield, director for the Centre of Retail Research, warned that "2011 is not going to be good", especially for independent retailers.

The comments come after the latest BRC-Bond Pierce Retail Jobs Monitor revealed that the number of hours worked by retail employees during the final quarter of 2010 dropped 1.5 per cent - which equates to around 10,300 full-time jobs - compared to the period in the previous year.

Mr Bamfield suggested that retailers that are not part of a major corporation may suffer disproportionately this year.

"Independent retailers have got a problem because they have been hanging on for some years now and 2011 is not going to be good," he said.

However, the outlook may not be as bleak as Mr Bamfield suggests. Last week, James Uffindell, founder of the Bright Network, revealed that the demand for "intelligent graduates" is still very high.

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