Despite the last quarter of 2011 including the Christmas period, administrations in the UK retail sector increased by 27% compared with the previous three months, as 42 retailers went bust.
According to research by Deloitte, last year saw an 11% overall rise in the number of retailers in England and Wales falling into administration, from 165 in 2010, to 183.
The firm expects acceleration of the trend to continue well into 2012, as shops are forced into discounting levels last seen in 2008 and margins come under severe pressure... read more
Banking Times
Jan 12
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