Friday, January 2, 2009

Over 1,600 UK retailers to go bust in 2009

"The boost in numbers was driven by massive unprecedented discounting all at the expense of retailer margins."

Some retailers have not survived, with sweets-to-DVDs chain Woolworths and furniture group MFI falling into administration, a form of creditor protection, in the run-up to Christmas and several smaller companies following suit in recent days……

Read more 1,600 UK retailers to go bust

Source: economic times/india

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