Despite traditionally being the industry’s best period, new data shows the slump has affected high-street and online retailersThere will be little Christmas cheer for more than 30,000 retailers that have fallen into “significant” financial distress amid the busiest shopping period of the year.Data collected by the insolvency firm Begbies Traynor is the latest to lay bare the retail industry’s woes, which have extended beyond the high street. Nearly 8,500 of the 30,000 suffering a holiday shopping slump are online retailers, marking a 2% rise from a year earlier and a 49.5% jump since the start of 2017. Continue reading…
Via: More than 30,000 UK retailers in 'significant' financial distress
Categories: English News