Despite the fact that Britain is now struggling out of recession, the ongoing problems securing credit could still hurt retailers.
Although retail has been hurt by reduced footfall, TCA president Keith Warburton points out that a return to demand could still cause problems if retailers struggle to maintain stock levels.
“Reduced credit is still a major inhibitor of business,” Warburton told PCR. “The problem will come when sales pick up, because smaller retailers with reduced credit lines will be unable to service the upturn.”
To read an in-depth analysis of the credit issues facing the industry, follow this link.