Three in ten stores at risk as quarter day approaches

THE high street is likely to see another round of retail failures following the next rent quarter day on Sunday, warns insolvency trade body R3.

Using figures from Bureau van Dijk’s Fame database, the organisation said that 29% of retailers in the North West are showing signs of distress while 20% are considered to have a high risk of failure. In total, over 3,000 retail businesses in the region are showing signs of distress.

R3 argues that for some of these, quarterly rent bill which traditionally fal... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...