Retail giant Marks and Spencer is rumoured to be cutting 1,000 store and head office jobs, which could include IT staff.
The company would not confirm or comment on the job cuts, which were reported by the Times. The retailer is expected to have had a difficult Christmas trading period but no announcements have been made yet.
The rumours come amid a raft of closures from other retailers. Yesterday clothes retailer Adams said it will shut 111 stores with the loss of 850 staff, and Passion for Perfume announced the closure of 45 branches.
They join a growing list of retailers that have recently closed or entered administration. Entertainment retailer Zavvi entered administration after being hit by Woolworths' collapse, whose wholesale arm supplied Zavvi.
Furniture retailers MFI and Rosebys have both been hit, as well as homeware shop The Pier, and clothing stores USC and The Officers Club.