Re­bal­anc­ing of the high street

Kentish Express Ashford & District - - Kent Business Update -

The num­ber of re­tail­ers go­ing into ad­min­is­tra­tion dur­ing 2013 fell by 6% over­all com­pared to the year be­fore though there was a marked up­turn dur­ing the fi­nal quar­ter of the year. Re­search from busi­ness ad­vi­sory firm Deloitte found 183 re­tail­ers en­tered ad­min­is­tra­tion over the last 12 months com­pared with 194 in 2012. High street firms were thought to be ben­e­fit­ing from be­ing able to con­tinue to trade af­ter the col­lapse of ri­vals. Lee Man­ning, re­struc­tur­ing ser­vices part­ner at Deloitte, said: “The high street has un­der­gone a re-bal­anc­ing, and this is what is be­ing re­flected by th­ese fig­ures. “A year ago we were about to see HMV, Block­buster and Jes­sops en­ter ad­min­is­tra­tion, but I would not ex­pect as many high-pro­file re­tail ca­su­al­ties this time round. “This does not mean de­mand is in­creas­ing, more that the clear-out will ben­e­fit those still stand­ing in 2014.”

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