It all started with Woolworths … (but really if your USP is pick and mix then you really aren’t cut out for business) and gradually progressed further up and down the high street. This past month we have heard about the demise of high street staples … Jane Norman, Carpet Right, TJ Hughes and Thorntons and the Daily Mail list a whole host of others (and includes a short breakdown).
Why are these High Street ‘giants‘ crumbling in the face of this economic downturn??
Are high street rent rates really too high??
Does the government need to reconsider 20% VAT??
Have our consumer habits changed that much??
Are we shopping more and more online than previous??
What do you think??
My answer is simple ….