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Poundworld shopImage copyright Getty Images

Poundworld went into administration final month

Nearly 22,000 jobs have been hit on the UK's struggling High Streets this 12 months.

BBC 5 Live's Wake Up To Money has been monitoring store closures and retail administrations and located that greater than 7,000 folks have misplaced their jobs.

An additional 9,500 roles are on account of undergo deliberate store closures, whereas 5,100 are in doubt at Poundworld, which is in administration.

In the previous six months, about 1,200 retailers run by main chains have both shut or are prone to closure.

To put that in context, a report by PwC and the Local Data Company discovered four,000 High Street retailers opened final 12 months and 5,800 closed, inflicting a web lack of 1,700.

Sluggish gross sales, competitors from on-line and rising prices have been blamed for the altering panorama.

High-profile failures equivalent to Maplin and Toys R Us have been adopted by a string of closure plans from High Street stalwarts equivalent to Marks & Spencer, House of Fraser, Carphone Warehouse, New Look and Carpetright.

This pattern is ready to proceed. On Thursday, the brand new homeowners of Homebase mentioned 300 head workplace workers would go and retailer closures are anticipated.

Meanwhile, The Original Factory Shop is planning to shut greater than 30 retailers, whereas N Brown, which is behind manufacturers equivalent to Jacamo and Simply Be, needs to retreat from the High Street altogether.

Zain Venturi spent three years at a Maplin store in London till it closed earlier this month. He has switched profession and is now working as an IT engineer.

He mentioned: "I was on the shop floor and we could see what was happening before management could. The guys at head office did not understand what the customers wanted. Shopping has changed and they weren't in tune with what's happening."

He added: "Those most affected had been working in the retailers. I am fortunate, I can speak and other people purchase into that, however if you cannot you are going to have points.

"Everything that occurs in life opens up an alternativehopefully one thing extra ficially rewarding.

"I'm not the only one who found something paying more, quite a few others went into the IT field. It was such a nice place to work so it stopped you from pushing yourself out there."

The nationwide unemployment price continues to be at a 40-year low, at simply over four%, and the latest official figures present 2.92 million folks had been working in retail in March.

That's up on 2.87 million a 12 months earlier, however the Recruitment and Employment Confederation has seen retail vacancies fall in latest months.

It publishes a month-to-month report primarily based on info from 400 recruitment companies across the nation. Retail vacancies continued to rise till March, however that development has since stalled.

REC coverage director Tom Hadley mentioned: "Every sector is exhibiting extra demand other than retail. That does present there are jobs in different sectors and that is a word of encouragement.

"Some persons are comfortable to remain in roles the place you've got bought a customer service ingredient, equivalent to leisure of hospitality. We are seeing folks make the transition into the care sector, the place there may be a massive demand for employees.

"The rest of the jobs market is showing strong demand, so it's a good time to take stock of your options."

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