Almost one-third of Irish retailers at risk of collapse, Vision-net warns

Nearly a third of retailers are in danger of collapsing according to Vision-net which has probed the accounts of more than 5,500 retailers.

The examination of 5,597 retailers across the country found that nearly 2,000 are on the brink of collapse, with a further 1,000 deemed to be at medium risk of failing.

The figures come as it was announced that HMV which employed 300 people in Ireland will not resume trading. Other high-profile collapses have included B&Q and Black Tie.