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More blood on the high street as UK retailers struggle to survive

There is more doom and gloom for the UK retail market today with news that a number of companies are struggling to survive in the aftermath of a difficult Christmas and a potentially worse 2009. Despite the headlines of consumers coming out en masse during the days prior to Christmas this would appear to have come too late for many who are drowning under a mountain of debt. As the list continues to grow there is a feeling that confidence in the sector will take a severe hit in the coming weeks and months.

The problem now is that with so much debate and concern about potential victims of the difficult retail market, some consumers may take a step back and stay with "well-known names" for safety. This could exacerbate the situation for quality smaller retailers who are maybe trading okay at this moment in time. A difficult situation for the small retailers, and rumours of further difficulties at the larger end of the market, is likely to see reduced cash flow and yet more problems in the sector.

In a similar situation to the banking industry, where rumours of the demise and difficult trading of certain operations caused further unrest, we could see a knock-on effect in the retail sector from the publicity attracted by recent victims of the slowdown.

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