UK retailers face year of distress

UK retailers are facing another year of distress following a rise in the number of High Street chains going under, figures revealed Wednesday.

UK retailers are facing another year of distress following a rise in the number of High Street chains going under, figures revealed Wednesday.

Last year 194 stores and chains fell into administration compared to 183 in 2011 and 165 in 2010, according to data from UK financial services firm Deloitte.

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