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January 7th, 2013 
FAKE NEWS for the Zionist agenda The research by global auditing firm Deloitte found that a total of 194 retailers fell into bankruptcy in 2012 compared with 183 in 2011 and 165 in 2010, British media reported.
“These figures are a stark reminder of the difficulties which continue to face the high street,” said Lee Manning, restructuring services partner at Deloitte.
Manning predicted that the retail sector would face more distress situation next year because household budgets are getting more constrained and the sector is facing structural challenges.
Big retails firms entering administration last year included Peacocks, La Senza, Blacks, Game, Clinton Cards, JJB Sports and Comet, according to reports.
“There will always be a need for physical retail space but at present, too many retailers have too many stores and 2013 is likely to be marked by further closure programs, both within and outside of formal insolvency processes,” Manning stated.
Other sectors beside retail which underwent notable increases in insolvencies include financial services, up from 30 to 47, and the mining and energy sector, up from 22 to 28, the survey showed.
MOL/HSN/HE
Source Article from http://www.presstv.ir/detail/2013/01/07/282339/retail/
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