Report finds 118,000 retail jobs to go

The latest research into the retail sector reveals that 118,000 jobs will be lost across the sector in the next three years. 

ABC1's 7.30 has obtained the figures from a six-month inquiry led by accounting giant Ernst and Young for the National Retail Association. 

The research shows many of the sales will be lost to online retailers and 33,000 of the job losses will come from the Federal Government's refusal to close a GST loophole for imported goods bought online.

Link (submitted by Jason)