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"The collapse of High Street retailers has left unsecured creditors such as suppliers, landlords and customers being owed £2bn, research suggests.
"... Report author Nick Hood, a business analyst at Company Watch, believed more retail casualties were inevitable:
"We are far from seeing the end of the High Street cull."His research was done on behalf of an independent review into the High Street led by retail veteran Bill Grimsey, the former chief executive of Wickes and Iceland.
Mr Grimsey said the findings demonstrated how the structural changes taking place in retail were causing huge damage to High Streets and the wider economy:
"We can't just stand by and carry on fiddling at the margins. The current model for our High Streets is unsustainable."
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