It’s been impossible to miss the barrage of headlines heralding the death of the high street as a seemingly endless stream of household retail names announce financial woes. From Toys R Us to House of Fraser, Maplin to Debenhams, everywhere you look, there are profit warnings, redundancies, stores closing, and administrators swooping. Many believe that […]
Chris West, Founder of Verbal Identity, offers his take on the state of the high street and House of Fraser, and how struggling businesses will need more than just a management consultant to stay afloat. So, House of Fraser. Tough times, falling revenue, and now calling in the management consultants to cut costs. Inevitable? […]
Partha Goswami, CEO of OOSTOR.com, discusses the current High Street crisis. Online shopping has grown massively within the last ten years, with more and more consumers opting to update their homes, wardrobes and pick up gifts from the comfort of their own homes. This digital uprising has obviously had a huge impact on the […]
By Louisa Rochford 2018 has been off to a tumultuous start with the fall of Carillion as it went into liquidation, and Maplin and Toys R Us going into administration following their struggles with debt and inability to find a buyer. The loss of these businesses led to the closure of over 200 stores in […]
As a result of rapidly changing consumer trends and economic difficulty, many popular high-street names have come to an end. But why did their competitors not fail too? Together with Impact International, experts in change management, we look at how some businesses make themselves resistant to change. Comet and Maplin Popular company Comet closed its […]
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