I found a website which lists the retailers that have gone over the course of 2011. Warning, the list below is a bit of a long one, but I’m writing it to make a point of how badly the high-street is struggling right now (I’ve highlighted the bigger and more obvious companies):
McCormick’s Music Shop – iconic music store in Glasgow
Life And Style
BeCheeky – online retailer
Alworths – successor to Woolworths
Easy Living Furniture – retails trading name of Sofas UK
The Officers Club
Shakeaway Milk Bars
Triumph Furniture Company
Ollie & Nic
British Bookshops and Stationers
Mad O’Roukes Pie Factory
Not Only Shops!
Specialty Retail Group
Diamonds and Pearls
Total store closures: 2469
Total job losses: 24,025
Stats from: http://www.retailresearch.org/whosegonebust.php
Sorry you had to read all, that, I was just making a point! We’ve already had La Senza, Blacks Leisure and Past Times fail this year.
The high street is still very important to the economy of this country. It still employes tens of thousands of people up and down the UK. These are very valuable jobs in a time where having a job is increasingly considered a privilege.
Maybe the high street is a bit dated. I think it still plays an important role in business. But maybe their presence should be in a different capacity. Improvements and changes obviously need to be made. Investment in the streets themselves to make them look more desirable would be a good start for the Government to make. Shops need updating, rents need to fall to ease the pressure on retail companies. Perhaps stores need to be integrated with their online portals more. Click and collect services for more stores will drive internet users through the doors to pick up their goods.
I’m not claiming to be an expert. Not like Mary, queen of shops! This was a clever little move by the Government. If anyone knows how to improve a high-street store then it’s this clever lady. I’ll be interested to see some of the ideas she’s got and how she’s going to put them into practice.