As business recovery firm Begbies Traynor warns that 137 major UK retailers are in a "critical condition", retailers are hoping that the grim weather will hold off long enough to make up for lost ground.
Furthermore Begbies’ most recent business survey found 13,700 more firms were “in distress” and warned that many may not be able to meet their December quarter rent payments.
Unsurprisingly Begbies Traynor is predicting a rise in retail insolvencies in 2013, a continuing trend which included the most recent casualty, Comet which closed 236 stores earlier in the month.
The report said the worst affected retailers are bookshops, news and stationery retailers whereas supermarkets, lighting and household goods have seen sales figures improve.
Read related items on:
Retail, pubs, clubs and restaurants