| Jobs at risk as troubled high street retailers seek to cut costs |
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| Monday, 13 February 2012 10:25 | |
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The high street faces another crunch week as the fate of some 9,000 staff at the budget fashion chain Peacocks hangs in the balance. Separately, Comet, the electrical retailer, is pressing landlords to cut its annual rent bill after it was snapped up by a private equity group for a token £2. The administrator KPMG is close to a sale of Peacocks, but even if the 600-plus store chain is rescued, hundreds of unprofitable shops are likely to be closed.
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