Fashion retailers who struggled to stay afloat in 2017

London - 2017 was not an easy year for most businesses - especially not for UK retailers. Economical and political uncertainty following the Brexit vote put even more pressure on consumer spending habits and retailers who were unable to execute a winning strategy found themselves in hot water. 42 major retailers went bust over the course of 2017, 12 more than in 2016 according to data from the Centre of Retail Research. This affected 1,364 retail stores and 15,800 employees, highlighting the current state of retail in the UK. Major fashion retailers that fell into administration this year include high street staple Jaeger, fashion brand Joy, footwear retailer Jones Bootmaker and luxury lingerie brand Agent Provocateur - although this does not mean these retailers disappeared from the high street for good. Some have managed to make a recovery and were pulled out of administration and continue to trade - others were not so lucky.


OR CONTINUE WITH
Administration
Brantano
fashion retailers
Greenwoods
Jaeger
Jones Bootmaker
Joy
Shoon