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Supermarket Price War Squeezes Smaller Shops

Supermarket

UK retailers are facing increased financial stress this year as the major supermarket chains fight a price war that has forced others on the high street to cut prices and squeeze profit margins. According to research by Begbies Traynor, over 24,000 retailers are suffering from significant financial distress – up 54% on the same time a year ago, with food and clothing retailers among the worst hit. The advisory firm said as many as 135 businesses were in critical condition as retailers chased sales in the final days of Christmas trading.

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