26,500 retailers will go bust by 2015, says BDO

Extract . . .

There's a new kind of shopper in town - and retailers who don't take steps to accommodate them won't live to tell the tale, according to BDO. In a new report called 'Transitions to the new consumer', the accountancy makes the grim prediction that 26,500 retailers will go bust in the next five years. And it's not because we'll be spending less; it's because they're not adapting fast enough to post-recession conditions. A classic example of Schumpeter's creative destruction? Perhaps - but it won't help this supposed private sector-led recovery . . .

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http://www.managementtoday.co.uk/bulletin/mtdailybulletin/article/1035251/26500-retailers-will-go-bust-2015-says-bdo/