"It reflects the pressure on the [retail] sector," said Howard Archer, an economic adviser to EY. The UK retail sector has lost 56,000 jobs since the Brexit referendum in June 2016 , according to recent employment data. Food-price rises on the back of a UK -weakened pound, slow wage growth and increasing online sales have hit the industry hard, experts say. IHS data also revealed spending in "brick-and-mortar" shops in November was down 3.1% Howard Archer , the first -consecutive monthly contraction.
The UK retail sector has lost 56,000 jobs since the Brexit referendum in June 2016 , according to recent employment data. Food-price rises on the back of a UK -weakened pound, slow wage growth and increasing online sales have hit the industry hard, experts say. IHS data also revealed spending in "brick-and-mortar" shops in November was down 3.1% Howard Archer , the first -consecutive monthly contraction.