Insurance Business has reported that the UK retail sector is navigating a mix of challenges and opportunities as 2024 draws to a close. According to Atradius, there have been significant increases in late payments and insolvencies across specific retail categories in Q3 2024, with notable rises in payment defaults within retail supply chains. For example, domestic appliance firms experienced a 450% increase in payment defaults compared to the previous year and defaults in manufactured leisure articles rose by 60%. However, despite these setbacks, the sector has reported modest growth, with retail sales volumes rising by 1% in August 2024 and 0.3% in September 2024. To read Insurance Business‘ article, go to https://www.insurancebusinessmag.com/uk/news/breaking-news/uk-retail-faces-late-payments-surge-amid-mixed-signals–atradius-515440.aspx.