«Breaking News» Bloodbath on the High Street as it's revealed 125 retailers went bust in the last year

An astonishing 125 retailers went bust last year as the bloodbath on the High Street claimed a string of high-profile victims.

In a sign the crisis in Britain’s town and city centres is escalating, the number of firms calling in the administrators last year was seven per cent higher than in 2017.

Shops are facing an onslaught from online retailers and rising costs – including crippling business rates bills.

An Astonishing 125 retailers went bust last year as the bloodbath on the High Street claimed a string of high-profile victims

Of those that went bust, 26 were large firms with more than ten stores, such as Toys R Us, Maplin and Poundworld, the report by accountant Deloitte found.

Dan Butters, of Deloitte, said retailers had been hit by increasing staff and property costs, as well as a weaker sterling.

He added: ‘We expect a particularly challenging first quarter in 2019 for many retailers as the full effect of Christmas trading becomes clear.’

Soaring business rates have been blamed for piling pressure on the High Street. The Mail has been campaigning for a level playing field in rates paid by retail stores and online giants such as Amazon.

Just last week entertainment retailer HMV filed for administration, putting 2,200 jobs at risk. It said its £15million business rates bill was partly to blame.

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Main photo article An astonishing 125 retailers went bust last year as the bloodbath on the High Street claimed a string of high-profile victims.
In a sign the crisis in Britain’s town and city centres is escalating, the number of firms calling in the administrators last year was seven per cent higher than in 20...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

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