Dreamin’ retailers are running on borrowed time.
There are too many marginal retailers out there, according to Michael Carrafa, the executive director of insolvency firm SV Partners. “Everyone has a dream,” he said of the sector’s enduring appeal despite its thin margins.
SV Partners has warned that a large supermarket or grocer, two computer retail giants, a large clothing retailer, and a big newspaper/book retailer are at “high risk of financial failure” this financial year.
SV Partners has come up with a scorecard for Australian companies, big and small, on their likelihood of collapse. It reached these conclusions by analysing numbers up to five years old …
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