The volume of retailers entering formal insolvency processes has reached its highest for 5 years.
During the 12 months ending 31 March 2014, approximately 1,300 retail businesses entered insolvency, a 12{06aeb1921e0b802d2bd9c766bc98fb11cc6a46c2b0593ed9c88a0e29cf417a34} increase compared to the same period last year.
There may be some relief for retailers though, as access to funding is on the rise. Good news for a sector that presently needs all the support it can get.
Source: Insolvency News