In the wake of the Jessop’s collapse, experts predict 30,000 jobs could go on the High Street with potentially 45 retailers with 3,500 stores facing closure in 2013.
Experts have blamed poor consumer spending together with the banks refusal to extend retailers overdrafts and credit facilities as a contributing factor.
The typical UK High Street has fallen victim to the worldwide recession which started nearly 5 years ago and things are set to get a lot worse.