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Thomas Cook is planning to close 200 of its high-street travel agencies in the UK.
 
Thomas Cook had announced a closure of 75 shops following its merger with Co-operative Travel but is set to add another 125 this week when it announces a huge restructuring of its UK operations.
 
The holiday giant will be left with around 1,000 outlets following the closures, which threatens more than 1,000 jobs.  
 
The tour operator, which issued three profit warnings in 2011, has experienced the worst year in its history.
 
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The company is suffering amid a weak demand for travel.
 
According to the World Travel Market 2011 Industry Report, almost four in ten (38 percent) consumers did not go on holiday in 2011.
 
The report, which was issued in November, shows that a holiday is no longer seen as a necessity by cash-strapped consumers in the UK.    
 
Thomas Cook is the latest in a string of retailers to down-size its operations as conditions on the high street grow steadily worse.
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