Future Of British Business

Cost-of-Living Crisis to Push More UK Retailers to Brink in 2023, Warn Experts

High street sales promotions in London, on Dec. 26.
Photographer: Carlos Jasso/Bloomberg

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By THE PRESS ASSOCIATION (Henry Saker-Clark, PA Deputy Business Editor)

December 27, 2022 at 9:00 AM UTC

This article is for subscribers only.

The cost-of-living crisis is set to result in further retail failures over the next year with larger firms positioned to snap up stricken competitors, according to retail experts.

It comes after an increase in retail collapses towards the end of 2022, with high profile insolvencies such as Joules and Made.com.