More retail job cuts expected

Updated at 9:26am on 13 October 2008 The retail industry expects more job cuts as lagging consumer spending crimps sales in the sector. Pumpkin Patch laid off 30 staff two weeks ago, as its sales falter in the Northern Hemisphere. Economists are forecasting job losses will hit the retail sector, before filtering into manufacturing. Retailers are reporting lower profits this year as consumers tighten their belts. Profit at Pumpkin Patch dropped 28% in... [read full story]