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Nearly 40,000 retailers in financial distress

With just two shopping days to go, and non-essential shops shut across large parts of the country, tough trading conditions have already hit the sector with a 24% leap in the number of struggling retailers in the final quarter of the year.

Nearly 40,000 retailers in financial distress
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Figures from Begbies Traynor for the period 1 October to 9 December show that nearly 40,000 (39,232) retailers – including both online and bricks and mortar stores – are now in ‘significant’ financial distress.

Read more at the Accountancy Daily

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