The Retail Database
Retailers going out of business are a common feature of changing fashions on the highly competitive UK high street however in times of economic difficulty the number of retailers falling into administration rises rapidly.
The Retail Database's Administration Watch has been started to provide a monthly review of UK based retailers that have gone into administration.
Latest Releases Quarterly Release: Retail administration job losses up 10,000 in 2012 Quarterly Release: Administrations fall but the pain isn't over yet Quarterly Release: Major retailer administrations cost over 13,000 jobs in first six months of 2012 Monthly Release: Clinton Cards administration costs thousands of jobs Monthly Release: Temporary lull in the retail administration storm Quarterly Release: Major retail administrations cost 9,000 jobs in Q1 2012 Monthly Release: Scene set for further Retail Administrations and Job Losses at the end of the March Monthly Release: Sharp rise in major Retail Administrations cost 3,500 jobs Quarterly Release: Retail Administrations Cost 15,000 Jobs in 2011 (pdf download)
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Latest Administration Watch
Retail administration job losses up 10,000 in 2012The number of job losses directly resulting from major UK retailers going into administration in 2012 was estimated to be 25,100, a rise of over 10,000 when compared to the previous year. The closure of all Comet stores nationwide in the final part of the year was a large contributor to the annual increase, accounting for more than 6,000 redundancies. The majority of major business failures occurred around the Christmas period, with large-scale closures in the first quarter following Christmas 2011, and two large administrations in the final three months of the year - the other being JJB. The largest retail administrations (as measured by job losses) in 2012 were Comet, Clinton Cards, Peacocks, JJB and Game. In total an estimated 1,990 stores closed as a direct result of major retailer administrations in the year, more than double the previous year. With the administrations of HMV, Jessops and Blockbuster in January 2013, the UK high street continues to face severe difficulties as a result of both weak trading conditions and changing consumer shopping habits. |
