Deloitte says number of retailers falling into administration rises in Q1. reports on research.

Share Article

Retail administrations up 64% on the previous quarter

Big4 Logo

Big4, the premier social networking forum for professionals and alumni of Accenture, Andersen, BearingPoint, Capgemini, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers, PwC, reports on research done by Deloitte that shows retail administrations in Q1 2012 jumped by 64% on the previous quarter, when 42 retailer’s businesses failed. These numbers contrast with the number of companies falling into administration, excluding retailers, in Q1 2012, that saw a decline of 10%, from 497 in Q1 2011 to 447.

Deloitte’s recent Store of the Future report, also described how retailers need to redefine their store proposition and focus on changing client needs. According to, the report suggests that some retailers may have to reduce their property portfolios by up to 40% in the next five years and adapt to meet these changing demands.

Lee Manning, restructuring services partner at Deloitte says the recent numbers are especially important in terms of jobs lost.
“The first quarter of 2012 is particularly significant given the high profile nature of the companies we have seen enter administration: Peacocks, Game, La Senza, Blacks and Past Times,” he says. “ The number of job losses that came as a result of these administrations was almost 10,000 out of the 22,000 employed by those companies. In contrast, Q1 2011 saw far lower levels of job losses. Overall, for 2011 and the first quarter of 2012 the largest 15 retail insolvencies had 2,800 stores and only 1,350 stores have survived; an attrition rate of 52%.”

About is the accounting, tax, consulting and IT professions’ premier resource, and has been exclusively focused on Big Four firm professionals and alumni for 10 years, providing high quality content, connectivity and commerce. The Big Four Job Board offers fresh job opportunities – clients include the world’s leading companies. Big Four News covers key news, developments, events, survey results, press releases and appointments. The Big Four Blog provides opinion and insight on recent and key developments, news, happenings, management changes, regulations, acquisitions and capital market activities. Big4 Video is a professionally produced news covering key global developments in this space. has a strong presence on key social media platforms:
Youtube: Big4Video is a professionally produced weekly news magazine.
Twitter: has 9,000 followers.
LinkedIn: The Big Four Alumni and Professionals group is the largest corporate and alumni group with 85,000+ members.
Facebook: The Big4 fan page has 5,500 fans at
Xing: The Big Four Alumni and Professionals group has 1,450+ members.

Kristy Short
(734) 481-0186

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Kristy Short
(734) 481-0186
Email >
Visit website