Retailers facing a tough Xmas

MANY struggling British retailers will face a bleaker Christmas than they did last year, when 15 major chains failed, according to insolvency specialist Begbies Traynor.<br /><br />Christmas is a crucial trading period for retailers but soaring unemployment and low consumer confidence is expected to result in more firms facing financial difficulty.<br /><br />&ldquo;Christmas 2009 could see just as many retail casualties as last year,&rdquo; said Nick Hood of Begbies Traynor.<br /><br />Last week outdoor retailer Blacks Leisure announced plans to close 89 loss-making stores and axe jobs.