The cost-of-living crisis is set to result in further retail failures over the next year with larger firms positioned to snap up stricken competitors, according to retail experts.
It comes after an increase in retail collapses towards the end of 2022, with high profile insolvencies such as Joules and Made.com.
Credit insurance specialists at Atradius said there was a jump in claims across retailers and consumer firms over the year, in a signal of growing uncertainty which resulted in others launching re-financings or broad restructurings.
