Wednesday, January 27, 2021

Impact of coronavirus hits home for retailers with almost 40,000 in significant financial distress

Impact of coronavirus hits home for retailers with almost 40,000 in significant financial distress

Over 20,000 high street retailers in significant financial distress for Q4. “While many industries have been hit hard, retail – which was already suffering a crisis of confidence – has been shaken to its foundations” says Begbies Traynor. Online retailers are also at risk, with 11,500 now in financial difficulty.

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