The high street has seen better days, with insolvencies and store closures arguably being the biggest highlights of June 2018.
I’ve always believed that competitive advantage in business should be about applying enterprising ingenuity, delivering quality service and having excellent products.
While commentators have long predicted and lamented the death of the high street, its demise has never appeared so rapid as over the past month with John Lewis’s store closures, the shocking takeover of Homebase for just one pound, and Poundworld falling into administration.
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Customers are increasingly shopping with retailers that allow them to spread the cost of purchases over a period of months – with no additional fees.
Riding high on their Dragons Den appearance, Mo Bros founders Keval, Kunal and Savan Dattani are taking over the male grooming sector one beard at a time.
The UK has produced some of the world’s most iconic retail brands, and none arguably more so than Marks and Spencer. Many were surprised when it made the decision to close 100 stores by 2022, accelerating a reorganisation that it says is “vital” for its future.
As the retail industry takes another body blow with planned store closures at high street cornerstone Marks & Spencer, and after Homebase was flogged for a quid, there doesn’t seem much motivation to open a business with a shop front anymore.
Independent UK retailers experienced a surprising 8% sales drop on average over the Royal Wedding weekend, as consumers abandoned high streets up and down the country in favour of watching the televised nuptials.
The proposed merger between retail giants Sainsbury’s and Asda could disrupt smaller businesses further down the supply chains of both supermarkets, an industry expert has warned.
With old lumbering dinosaurs of UK retail dying out at quickening rates to be replaced by online-savvy brands, Charlie Mullins asks if we’re experiencing the death of the high street?
In the new age of retail, technology is everything, explains Anil Gandharve, vice president and global head of retail, CPG and manufacturing at IT consultancy Mindtree.
Improved mobile connectivity, enabled by 5G, will take retailers and commercial businesses’ understanding of how customers shop to entirely new levels, a landmark new report from mobile operator O2 has concluded.
