MAJOR high street chains are preparing to close some of their stores for good this week.
Businesses have come under huge pressure due to higher energy bills, increased labour costs and falling customer demand.
It comes as the number of firms falling into insolvency surged to the highest level for 14 years, according to the Insolvency Service.
More than 12,000 firms have entered insolvency so far this year, the data shows.
But not every retailer is shutting stores for good – some are expanding.