The number of failures of UK companies has risen 30.0% to 4,827 in the second quarter of the year, compared to the same period a year ago, according to the latest figures from Creditsafe’s Watchdog Report. The quarterly Watchdog report, which analyses financial data across 12 UK business sectors, showed that high profile high street […]
When darling of the high street Marks & Spencer announced plans to shut 100 core clothing and home branches as part of a major restructure, commentators were quick to jump on the news as just the latest death knell for the high street. Julian Fisher, CEO at Jisp, believes the doom and gloom of the […]
The possibilities achievable through decentralisation are reshaping how we fundamentally perceive relationships between customers and businesses, across a range of industries. Blockchain technology is set to disrupt hierarchies in everything from insurance to supply chains, and many now see its value in retail. In particular, Alastair Johnson, Founder & CEO of Nuggets, who below explains […]
Amazon sells everything from streaming video to organic grapes, and it’s all part of a large (likely successful) strategy to dominate the entire consumer market.
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? […]
UK workers are more likely to treat themselves when they feel stressed rather than tackle the root cause, research has revealed. The Global Benefits Attitudes Study from Willis Towers Watson (WTW) found 69% of UK workers indulge themselves or use retail therapy to help them cope with stressful periods at work - but only 46% […]
With a recent report from the Local Data Company that new store openings are at their lowest level for seven years, with just 4,083 opening in stark contrast to 5,855 closures, the British retail industry faces a systemic challenge to its business model, which has relied on brick and mortar stores for survival. Phil Duffy, […]
It’s hard to avoid advertisements from car dealers here in the UK — from television and radio adverts, to digital displays both on our streets and in our social feeds, they seem to be everywhere. According to figures from Google’s Car Purchasing UK Report in April 2017, £115.9 million was spent on online display and […]
The retail infection is spreading at an alarming rate. The likes of Amazon and Walmart dominate sales through online platforms, leaving high street shopping in the shadows. It’s already a commonly agreed statement that retail consumer buying is on the low, with only bankruptcies in the future ahead. In 2017 a grand 50 US retailers […]
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 […]
Competing with online fashion and goods sellers, such as Amazon and Walmart, which appear to be having a huge price standoff, is futile for today’s high street companies, and the situation only looks to be getting worse. 2018 is expected to be the year for high street collapses, and it’s already looking like a grim […]
Britain’s retailers look set to emerge, counter-intuitively, as the most exposed to lease commitments, according to analysis by Aptitude Software. Aptitude Software estimates that 90% of UK High Street retailers will struggle to comply with the impending new lease accounting standards (IFRS 16) which come into effect in January 2019. This is in part due […]
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