Many Aussie retailers are feeling the financial strain and expect to explore restructuring or insolvency options in the next six months, new research from national business recovery and insolvency firm Jirsch Sutherland has revealed.
The independent survey of over 1000 SME directors, almost one-fifth of whom are in the retail sector, identified the key sources of current stress and cash-flow and turnover were the stresses keeping many awake at night (over one-third of respondents).
Overall, just 10 per cent of respondents cited JobKeeper ending as their primary concern, Jirsch Sutherland partner Andrew Spring said.
More businesses fail due to lack of cash-flow than due to lack of profit.
In retail, its even more important to be consciou…
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