Retailers have struggled this year as consumers have become more wary about spending Dominic Lipinsk/PAHigh Street retailers are struggling to survive as they battle higher wage costs, a slowdown in consumer spending and increased competition from online retailers. So far this year 15 have either collapsed into administration, filed for a company voluntary agreement (CVA) in an attempt to save their businesses or are considering options. Toys ‘R’ Us UK: The UK’s largest toy supplier went into administration in February after failing to find a party buyer for the business. It problems were created by the collapse of its US parent. The chain had 3,200 staff and 100 storesMaplin: The electrical and gadget business went into administration on the same day as Toys ‘R’ Us owing creditors £150 million after rescue talks failed.

Source: The Times May 17, 2018 15:56 UTC