Reasons for Sharp Increase in Retail Firms at Risk of Insolvency | |
The retail landscape in the UK has witnessed a seismic shift in recent years, exacerbated by a notable surge in the number of retail firms hovering on the verge of insolvency. This concerning trend has sent shockwaves through the business community, prompting a comprehensive examination of the factors contributing to this rise. Pre-pandemic, retailers were already grappling with the challenges of evolving consumer habits, digital disruption, and rising costs. The advent of e-commerce was reshaping the sector, and those retailers slow to adapt were feeling the squeeze. However, the onset of the COVID-19 pandemic served as a catalyst, accelerating existing trends and introducing new complexities. | |
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| Target State: All States Target City : Norwich Last Update : Jan 05, 2024 10:16 AM Number of Views: 43 | Item Owner : Jamie Playford Contact Email: Contact Phone: 08002465895 |
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