With 140 UK retailers already on our ‘critical’ watchlist, and our recent research highlighting over 13,700 retailers experiencing 'significant' distress in the 11 weeks to 17 December 2012, a 35% increase from the third quarter, news of the administration of the third major retailer in less than a week will create a serious new year hangover for landlords across the country and employment in the sector.
It can also only serve to damage consumer confidence in the retail sector further in the months ahead.
More top news
The cult musical Rocky Horror Show returns to the London stage in September with its writer Richard O'Brien as the narrator.
George Orwell's Nineteen Eighty-Four is at the top of teachers' list of books "every student should read before leaving secondary school".
Film director Guy Richie marries his long-term partner Jacqui Ainsley at their country home in Wiltshire.