Reports and Campaigns

spotAbout the Socialist Party

spotAnti-capitalism

spotAnti-privatisation

spotAnti-war

spotElection campaigns

spotEnvironment

spotHealth

spotSocialist women

spotWorkplace

spotYouth and Students

All keywords


Workplace and TU campaigns keywords:

35-hour week (19)

Aer Lingus (6)

Agency workers (48)

Airport (44)

Amicus (53)

Argos (14)

Aslef (80)

AUT (7)

BAA (2)

BBC (161)

Besna (18)

Bin workers (60)

Blacklisting (99)

Bloc (3)

BMW (26)

Bosch (2)

British Airways (75)

British Airways (75)

BT (48)

Burslem 12 (9)

Bus workers (72)

Cadbury (7)

Cadbury-Schweppes (3)

Call Centres (16)

Car workers (41)

Care worker (12)

Care workers (66)

Civil Service (188)

Classroom assistants (8)

Cleaners (120)

Clyde (2)

Coastguards (7)

Compulsory redundancy (8)

Construction (243)

Construction workers (159)

Corus (37)

Council workers (136)

Crossrail (12)

CWU (317)

Dockers (22)

Docks (8)

Drivers (187)

DVLA (15)

DWP (157)

Electricians (70)

EPIU (4)

facility time (9)

FBU (222)

Firefighters (211)

Ford (97)

Fujitsu (15)

Gate Gourmet (7)

General Motors (11)

Glaxo Smith Kline (1)

GMB (213)

Health and safety (76)

Heinz (6)

Honda (8)

Jaguar (16)

Jane Norman (1)

Jarvis (9)

JCB (14)

JIB (7)

JJB Sports (4)

Jobcentre (49)

Jobs (1368)

Journalists (71)

Lecturers (87)

Linamar (40)

Lindsey (40)

Lindsey Oil Refinery (27)

Local government (225)

London underground (140)

LOR (15)

Lucas Aerospace (2)

Manufacturing (51)

Metro (36)

Metronet (13)

Milford Haven (8)

Miners (162)

NASUWT (49)

Natfhe (10)

NUJ (61)

Nurses (125)

NUT (354)

Oilc (4)

Outsourcing (50)

PCS (829)

People's Charter (1)

Peugeot (8)

Pfizer (7)

POA (82)

Port workers (4)

Postal dispute (27)

Postal workers (136)

Printers (2)

Prison officers (48)

Railworkers (10)

RCN (24)

Redundancies (112)

Redundancy (32)

Refinery (36)

Remploy (50)

Reps (47)

RMT (678)

Rover (31)

Saltend (20)

Seafarers (8)

Shelter (37)

Shipyard (3)

Shop Stewards (228)

Siemens (3)

Single status (30)

Sita (6)

Social workers (15)

Sodexo (7)

Stagecoach (20)

Staythorpe (1)

Steel (88)

Strike (2840)

Sunday trading (1)

Supermarket (32)

Teachers (458)

Textile (8)

TGWU (58)

Thomas Cook (3)

Total (16)

Toyota (1)

Trade union (532)

Trade Union Freedom Bill (4)

Trade unions (365)

Train drivers (29)

TSSA (47)

Tube Lines (5)

Tube workers (47)

Tubelines (3)

Twinings (2)

UCATT (29)

UCU (185)

Unfair dismissal (14)

Unions (891)

Unison (927)

Unison witchhunt (5)

Unite (758)

Usdaw (115)

Vauxhall (43)

Vestas (26)

Visteon (91)

Volkswagen (7)

Waterford Crystal (1)

Wedgwood (1)

Whipps Cross (61)


Reports and campaigns:

Anti-capitalism (1354)

Anti-fascist (887)

Anti-racism (1019)

Anti-war (2227)

Art (423)

Asylum (358)

Black and Asian (454)

Children (430)

CNWP (121)

Corporate crime (2)

Disability (416)

Education (6344)

Election campaigns (3919)

Environment (1169)

EU (541)

Finance (134)

Food (314)

Health and safety (40)

Health and welfare (387)

Housing (1982)

Human Rights (468)

LGBT Pride (322)

Local government (2364)

Local services (4285)

Low pay (635)

Migration (65)

Nationalisation (159)

New workers party (506)

NHS (3898)

Pensions (927)

Post Office (239)

Poverty (638)

Privatisation (1183)

Public Services (1322)

Socialism (948)

Socialist (48)

Sport (260)

Stop the slaughter of Tamils (7)

Students (3163)

The state (1978)

Transport (811)

TUSC (1057)

Welfare rights (1230)

Women (1379)

Workplace and TU campaigns (16915)

Youth (3126)

Related websites

Youth Fight For Jobs

Trade Unionist and Socialist Coalition

National Shop Stewards Network

Tamil Solidarity


Highlight keywords  |Print this articlePrint this article
From: The Socialist issue 989, 4 April 2018: Fight the Tory enemy

Search site for keywords: Retail - Jobs - Closures

Retail crunch: even giants not immune as 21,000 jobs disappear

Toys R Us, photo Raysonho@Open Grid Scheduler/Grid Engine/CC

Toys R Us, photo Raysonho@Open Grid Scheduler/Grid Engine/CC   (Click to enlarge)

  • Fight for living wages and public ownership
Iain Dalton, vice-chair, Usdaw Leeds private trades branch (personal capacity)

Almost every week it seems another retail chain is closing stores. 21,000 retail jobs have gone in the first three months of the year according to the Press Association.

Toys R Us went into liquidation at the end of February, with electronics store Maplin going into administration just hours later. In March, Italian restaurant Prezzo announced it was closing a third of its locations. Fashion retailer New Look has announced closures of 60 locations, just over a tenth of its stores.

The growth of online shopping is a factor, with 77% of people buying at least one item online in 2017 according to the Office for National Statistics (ONS). But only around 18% of sales in 2018 are expected to come via the internet, so 'bricks and mortar' stores still remain dominant.

New Look's recovery plan also includes rent reductions and new lease terms on a further 393 locations, the vast majority of its shops. This is a result of high commercial rental prices, much like those in the private housing sector.

Around a decade ago, companies such as Boots, Tesco and others sold their properties to asset management companies who leased stores back to them, many of them on 'upwards-only' rent review terms.

This has led to an overheating of the retail property market, especially in central London, combined with companies increasingly stuck with large, warehouse-type shops rented in better times.

This is compounded by the delayed revaluation of business rates charged by councils, based on rental prices. So those stores paying over the odds in rent continue to do the same with rates even after renegotiating.

The result is the widespread closures we are seeing now, with whole town centres beginning to look like ghost towns. In towns like Burslem in Stoke-on-Trent, Dewbsury in West Yorkshire, and Newport in South Wales, around 30% of shop front retail space is vacant, according to the Local Data Company.

But underlying all of this is that people simply don't have the money to spend! This is the result of year-on-year pay freezes for many workers, or below-inflation pay 'increases' if we're very lucky.

Overall consumer spending went down last year for the first time in five years, according to Visa. Retail specifically increased, but growth slowed to just 1.9%, the lowest since 2013 says the ONS.

A very poor Christmas saw retail sales fall 1.4% in December compared to November, and then only 'recover' by a pitiful 1.6% in January compared to 1.5% in 2017.

A recovery in the retail sector requires a recovery in the pockets of ordinary workers. Unless the trade union movement leads a fightback on pay, expect the squeeze to continue. And only democratic public ownership and socialist planning can guarantee workers safety from market forces.







Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 0798 202 1969

East Mids: 0773 797 8057

London: 020 8988 8786

North East: 0784 114 4890

North West 07769 611 320

South East: 020 8988 8777

South West: 07759 796 478

Southern: 07833 681910

Wales: 07935 391 947

West Mids: 02476 555 620

Yorkshire: 0114 264 6551

ABOUT US

ARCHIVE

Alphabetical listing


May 2018

April 2018

March 2018

February 2018

January 2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999