Mar 26: Recession continues to hit retailers

The recession is continuing to hit the retail sector. Kingfisher, the home improvements retailer that owns B&Q, is to close a third of B&Q stores in China after reporting a fall in profits of 75 per cent and Next, the clothing retailer, is also struggling. Elizabeth Rigby, consumer industries editor, talks to Daniel Garrahan about the two sets of results. Filmed by Shyamantha Asokan. Produced by Darryl Thomson. SA