Around 140 retail chains "could fail in 2013"

UK High Streets set for nightmare 2013: 140 retail chains 'could fail next year' as consumers look to online bargains | UPDATED: 09:15 GMT, 24 December 2012 Consumer cutbacks and the increasing popularity of online retailers mean around 140 retailers could soon join Comet in collapsing into administration, according to research by business recovery experts. A number of national or regional retail chains could fail in 2013, says Begbies Traynor, which warns that those on its critical watch list are unlikely to see the year out. Its research measures corporate distress levels among businesses across the UK