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RSS FeedsSix reasons why Britainīs retailers canīt make ends meet
(The Guardian Business News)

 
 

26 may 2018 18:27:38

 
Six reasons why Britainīs retailers canīt make ends meet
(The Guardian Business News)
 


Homebase has been sold for a pound, Marks and Spencer is closing more stores - can the nation of shopkeepers survive?In one fell swoop DIY giant Homebase became the high streetīs latest pound shop last week after its Australian owner, Wesfarmers, offloaded the loss-making chain for a token sum to a restructuring firm. The deal is expected to trigger fresh pain on a high street that is already shedding stores and jobs at a faster rate than during the recession in 2009. Major high-street names including Marks & Spencer, Debenhams, Topshop and House of Fraser are also struggling. On Friday the homewares chain Dunelm issued a profit warning, blaming `challenging` conditions. So why is life so tough on the high street? Continue reading...


 
8 viewsCategory: Business
 
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