Supermarket growth 'forces independents out of business'. By Dan Martin
The growing dominance of supermarkets has contributed to a sharp increase in the number of independent stores going out of business, according to a new report.
Insolvencies among food, drink and tobacco retailers increased by 45% during 2005 compared to the previous 12 months, while the total number has halved over the past 11 years, accountancy firm Grant Thornton found.
In 1994, some 64,205 food, drink and tobacco businesses were registered for VAT. By 2005 that number had fallen to 33,150.