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2012 sees spike in retail failures

More retailers have gone bust in the past year than at any point since 2008, according to the Centrefor Retail Research.

In total 52 retailers went under in 2012, affecting nearly 4,000 stores and more than 48,000 employees. Some of these businesses were later bought out of administration, saving some of the jobs and stores.

Factors including the double-dip recession, and the failure of one-offs such as Comet, saw the figures rise to nearly twice those seen in 2011 and 2010. Only 2008, when 54 businesses went under, affecting more than 74,500 workers, saw more pain.

Within fashion, casualties of 2012 included JJB Sports, Allders, Aquascutum, Firetrap, Peacocks, La Senza, Fenn Wright Manson, Ethel Austin, Masai GB, Famous Footwear, Houston Fashions, Ellie Louise, Shoe Envy, Madhouse, Rowlands Clothing of Trowbridge, Shoon, United Retail, Pumpkin Patch and Blacks Leisure. 
 

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