Trouble is brewing for independent 70-shop UK chain Grainger Games. Nervous money lenders have apparently pulled or squashed their credit offerings following Toys R Us and Maplin sinking into administration.
“Confidence in UK high street retail has been at an all-time low which has been further impacted by recent retailer failures,” Grainger Games CEO Stephen Bowyer told Chronicle Live.
“On the back of this, we have very recently been notified that Grainger has had or will have certain supplier credit limits cut or removed. This has come as a shock to us all and presents a significant operating challenge driven by factors outside our control.”