Report for final three months of year shows pressure driven by rising costs and weak consumer confidenceBusiness live – latest updatesThe number of UK retailers on the brink of collapse soared by a quarter in the final three months of the year, driven by a combination of rising business costs and weak consumer confidence, according to a report.Retail businesses classed as being in “critical” financial distress jumped 25% to 2,124 in the fourth quarter compared with the third, the insolvency specialists Begbies Traynor said. Continue reading…
Source link : https://www.theguardian.com/business/2024/dec/27/more-than-28000-uk-retailers-face-significant-financial-distress
Author : Mark Sweney
Publish date : 2024-12-27 09:51:00
Copyright for syndicated content belongs to the linked Source.
Number of UK retailers on brink of collapse soars by 25%
