E-commerce insolvencies reach highest level in five years
- Number of retailers going insolvent jumps to 2,195
- E-commerce insolvencies reach highest level in five years
- 19% increase in insolvencies of retailers in the past year
- Mazars reports the findings
The number of insolvencies of retailers increased by 19% in the past year, reaching a total of 2,195 in 2023/24, up from 1,843 in the previous year. This surge in retail insolvencies is the highest level recorded in five years. Mazars, the international audit, tax, and advisory firm, has reported these findings.
Factuality Level: 9
Factuality Justification: The article provides a straightforward report on the increase in the number of insolvencies of retailers, citing a specific source (Mazars). It presents factual information without any digressions, bias, or sensationalism.
Noise Level: 3
Noise Justification: The article provides a specific statistic on the increase in insolvencies of retailers, which is relevant and supported by data. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. It stays on topic and supports its claim with evidence, but it does not provide actionable insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Retail industry
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial topic of insolvencies in the retail industry, indicating potential financial challenges for retailers.
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