Trade insurers warn of a ‘perfect storm’,with destitute Black Friday and gentle weather among factors leaving businesses fighting for survivalA string of retailers could face insolvency in the new year with tough trading on the high street in the run-up to Christmas leaving businesses fighting for survival, two influential industry bodies hold warned.
Widespread discounting and warmer-than-average weather hold cranked up the pressure on high street retailers over the festive period. In the final few years a number of high street retailers hold called in administrations either just before or after Christmas, and including Woolworths,HMV, Zavvi, and Jessops.
Continue reading...
Source: theguardian.com