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flag Over 28,000 UK retailers struggle as financial pressures mount, with well-known brands facing administration.

flag Over 28,000 UK retailers are facing severe financial difficulties due to rising costs and weak consumer demand. flag The number of critically distressed retailers increased by 25% in the last quarter of 2022, reaching 2,124. flag Well-known brands like Homebase, Ted Baker, and The Body Shop have entered administration, affecting nearly 18,000 jobs. flag Increased energy bills, interest rates, and a shift to online shopping have exacerbated the downturn. flag Despite a slight year-on-year decline, the retail sector remains under significant pressure.

4 months ago
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