Retailers at risk of going under are on the increase

first_imgTuesday 12 April 2011 8:17 pm THE NUMBER of retailers at risk of going under shot up for the second consecutive month in March, according to insolvency firm RSM Tenon.The number of companies deemed to be at high risk of insolvency jumped by four per cent in March, compared to the month before, and jumped two per cent compared to this time last year.The development comes following the worst fall in sales since records began in 1996, with a drop of 1.9 per cent in March compared to the same period last year, findings by the British Retail Consortium show.More than 8,000 retailers were shown to be in danger of going under last month, according to RSM Tenon’s ‘traffic light report’.Head of recovery Carl Jackson said: “We may technically be out of recession, but it is clear that the high street is struggling at the moment. Retailers are suffering as their costs soar with increased fuel and manufacturing costs and shoppers remain thrifty with their purchases. It appears people just aren’t spending unless they have to – and who can blame them as they struggle with the cost of increased tax burdens and rising inflation.” Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Share whatsapp Retailers at risk of going under are on the increase center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Show Comments ▼ KCS-content Tags: NULLlast_img read more