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Retail

After Grim Year, UK Retailers Hope For Black Friday Tonic

Britain's retailers are hoping Black Friday discounts will get shoppers spending again after a torrid year for much of the sector.

A string of store groups have gone out of business or announced shop closures this year as they battle subdued consumer spending, rising labour costs, higher business property taxes, growing online competition and uncertainty over Brexit.

Toys R Us UK, Maplin and Poundworld have all gone bust, while Marks & Spencer, Debenhams, Mothercare and House of Fraser are between them shutting hundreds of stores.

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