But don’t worry everything is alright with our economy!

A total of 125 retailers collapsed last year and there was a 53 per cent increase in Company Voluntary Agreements (CVAs) in 2018, painting a gloomy picture for the health of the UK high street.

New LookCarpetright and Mothercare were among the biggest retailers to shutter stores last year after entering into a CVA, and Toys ‘R’ UsMaplin and Coast all also appointed administrators in 2018, becoming some of the year’s biggest high street casualties.

Administrations rose six per cent last year from 118 in 2017, and 26 of the retailers that collapsed were large brands, compared to 17 the year before.

There is likely to be more to follow this year, with HMV confirming it is entering administration for the second time just before the new year, after first succumbing six years ago, while trendy slipper maker Mahabis entered administration over the festive break and northern menswear chain Greenwoods closed its doors for good just after the Christmas shopping period.

However, it’s not all looking bad. John Lewis benefited from some sturdy last-minute Christmas shopping from panicking Brits, and Next defied fears to boost online sales over the holidays.

But with struggling chains like Debenhams and Marks & Spencer – the latter the second most shorted stock on the market – expected to report their Christmas trading figures this week, the outlook for 2019 could get a lot worse.

Below is a list, compiled by researchers at Deloitte, of the larger, multi-store retailers that entered into a CVA or administration last year.

RetailerStore closures
New Look85
Toys ‘R’ UsIn administration
The Original Factory Shop32
Office Outlet4
Select FashionNone
Early Learning Centre3
ShuropodyIn administration
Retailers in administrationDate it happened
Sharps Kitchens & Bedrooms19 January
Swich9 February
Outbrand Retail15 January
Temple Retail10 July
American Golf Discount Centre12 October
Poundworld11 June
Hudsons Office Furniture18 January
Jones Bootmaker26 February
East29 January
SRS Realisations17 August
Coast11 October
Maplin28 February
C.W. Peach Chemists14 September
Toys ‘R’ Us28 February
Conviviality6 April
Posh Flooring20 April
Countrywide Farmers7 March
Bench30 April
Grainger Games9 April
Crawshaw Group2 November
Evans Cycles30 October
Bridal Fashions (Berketex)22 November
Blue Inc17 December
Shuropody28 December
Fishing Republic28 December
Cash Generator4 June

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