More than 5500 jobs at risk as the two high-street giants go bust. Three shops closed on the high street every day last year as soaring business rates, online competition and a fall in trade hit independent retailers new research found that nearly 1500 traditional 'bricks and mortar' stores shut their doors for good in towns and villages across britain in 2017. Whsmith's high street arm continues to weigh heavy on the business, as the retailer this morning posted a 6 per cent fall in trading profits across the past six months. British high street in flux as shops close, sales fall, and visits decline the rise of online shopping is to blame, with traditional retailers struggling to adapt but experts say high streets will adjust rather than disappear — expect to see more coffee shops in supermarkets, djs in clothes stores, and other. Thousands of former high street shop staff will not win compensation after their employers collapsed, the european court of justice has ruled 3,200 ex- woolworths workers and 1,200 from ethel austin have missed out on remuneration after their employers collapsed because they were based in stores with fewer than 20. Experts have warned “all is not well” on britain's high streets, after two household name stores announced thousands of potential job losses as they collapsed into administration on the same day electronics store maplin and toys 'r' us both announced they were going into administration, putting more. High street: shoppers on oxford street hit the boxing day sales (getty images) with the city still digesting britain's retail giants' christmas trading, a shortlist of the most troubled names is emerging from the gloom as well as dire updates from stock market players mothercare and carpetright, a trio of. The past decade has witnessed the collapse of several celebrated british high street brands, from woolworths to bhs last week, two more familiar names – toys r us and maplin – headed for the retail graveyard, just the latest indicator of the far-from-rosy outlook that faces the sector a number of other.
Emergency services rushed to the scene of a medical incident after reports a woman collapsed. These out-of-town developments are often blamed for the decline of the high street, offering consumers cheap parking and a wider choice than town centre shops in recent years, retail guru mary portas has led the campaign to revamp our dwindling high streets and get shoppers back into high-quality independent shops. This report will reveal the reasons why - if the current growth of the internet and decline in high street stores continues as they are - the high street will have reached a tipping point by 2030 when it is no longer sustainable as we know it today half of the existing shops in our high street will disappear between 2020 and. Electronics company maplin has become the second retailer on the same day to collapse into administration, putting another 2500 jobs at risk.
Two of the uk's largest retailers on the uk high street have collapsed into administration today - putting 5,500 jobs at risk struggling retailers toys r us and electrical retailer maplin were fighting to survive amid tough operating conditions maplin has more than 200 stores across the uk alamy 2. Another brit high street staple could be on the brink of collapse. The december footfall figures from springboard, the retail information company, showed a much larger drop in the number of people visiting shops than other months last year, in which the fall averaged only 07 per cent although december always sees much greater activity on the high street than any.
Abstract the high street is perceived as being at the heart of the community however increasing pressure from larger shopping centres and online retailers threaten high streets and are seen to be behind a recent decline of traditional retail spaces. A busy high street was closed off so paramedics could treat a woman in her 30s who had collapsed from a suspected seizure the essex and herts air ambulance landed in king george's playing fields near to rayleigh's high street after the emergency services were called following reports the woman.
Tough trading conditions sank two high-profile retailers on wednesday, with the collapse of toys r us uk and electronics chain maplin sending ripples across the sector.
It found high street stalwarts such as debenhams, marks & spencer (m&s) and morrisons are, quite literally, under attack from hedge funds who have, for the past three years no a collapse of m&s, greene king, debenhams or mothercare, would send a very icy chill through the heart of the uk economy. The british retail consortium and retail footfall analyst springboard compared high street shopping with shopping centres and retail parks the data found high street footfall to be in sharpest decline, followed by shopping centres shopping centres felt a drop of 10 per cent, slightly higher than august's.
5 days ago more high street jobs are at risk as the owners of jacques vert prepare to appoint administrators. The number of high street shops in investment portfolios has halved since the mid‐1990s there are threats from online shopping and the recent recession has further queried the original arguments for investing in high street shops however , the driving force for the decline of investment in high street shops by financial. Plymouth city centre is facing more woe after electrical goods retailer maplin collapsed into administration putting jobs at risk the company, which employs 2,500 people in the uk and has a large store in plymouth's cornwall street, said the capital needed to prop up the business – and shield it against.