New lows for high street

Experts predict that the retail sector will suffer many more casualties like HMV and Blacktie over the next year, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

27th January, 2013
Niall O'Farrell's Blacktie chain went into liquidation last week. Photo: Tony O'Shea

The statistics are stark and sobering. In the past two years, more than 560 companies in the retail sector have collapsed into liquidation, receivership or examinership. Of those, 277 came in the last 12 months, according to a new report by RSM Farrell Grant Sparks, the Irish accountancy practice.

The retail sector has been struggling for some time now. However, the growing feeling among the experts is that 2013 could be the worst year yet.

The early indications are...

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