A Bad Week For Retailers Looming

A Bad Week For Retailers Looming

Retailers and their suppliers are in for a poor week this week. On Thursday, many retailers will be receiving their quarterly rent bills, and some will undoubtedly find it difficult to cough up the money. 3 months ago, many outlets were forced into administration when the last quarterly rental bill hit the doormat. A big worry this time around is that consumer belt tightening because of fears over jobs/recession etc coupled with some rather unpleasant snowy conditions in February will have led to a further drop in retail sales in February. The figures are due out Thursday. Experts are predicting that sales will be down 0.2 % on the month, and year on year growth will decline from 3.6% to 2.7%.
I was down in Hastings town centre last weekend, and It looked a whole lot like many other towns across the UK- plenty of activity in the charity shops, but lots of vacant sites scattered around , even in the pedestrianised centre. It will be interesting to see whether more household names bite the dust once the brown envelopes are opened!

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource