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Evening Standard
Evening Standard
Henry Saker-Clark

Local shops axe jobs and cut investment amid surging costs

People shopping for food in the supermarket (Alamy/PA) -

UK convenience stores have cuts 2,000 jobs over an “extremely challenging year” after coming under pressure from soaring labour costs and fierce competition from supermarkets.

The Association of Convenience Stores (ACS) warned that pessimistic consumers and increased costs for retailers are therefore putting the UK’s 50,000 local shops under pressure, resulting in weaker investment and fewer jobs.

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