Plimsoll's latest analysis of the UK Retail sector echoes the sentiment of accountants BDO recent assessment that thousands of UK shops will close by 2015. Such is the dire state of many UK Retailers, we would even contest that it needs to happen sooner.
Our research shows that 1 in 4 major British Retailers are in already in a precarious financial state and with demand predicted to fall as consumers make drastic cuts in spending, things can only get worse.
Our latest research shows:
- A third of Retailers are already making a loss
- 1 in 4 are are already in dire financial trouble
- Half are struggling to improve their position
- Consolidation is long overdue with most exposed to takeover
However, for those Retailers that come through the other side, the difficulties of the next few years could actually turn out to be a good thing. The specialist niches that most retailers serve means that the failure of a close competitor often means they have something a monopoly on the High Street.
Click here for more information on Plimsoll's latest assessment of UK Retailers
Showing posts with label uk retail sales. Show all posts
Showing posts with label uk retail sales. Show all posts
Friday, 15 October 2010
Tuesday, 21 September 2010
Retail sales in the UK see first drop since January this year.
While John Lewis may have seen some positive figures as their profits rise by 28%, threats to the retail market are still looming. Chariman of the John Lewis Partnership, Charlie Mayfield warned there may be trouble ahead in the retail sector as public spending cuts and tax rises are still to come.
This comes just as the retail sector as a whole sees a surprise fall in sales after six months of growth within high street growth. Despite the difficult economic climate, UK shoppers have been surprisingly resilient in terms of high street spending until now.
Top economist at HIS Global Insight, Howard Archer, told Sky News: “The unexpected 0.5% fall in retail sales in August is a nasty shock and deals a significant blow to growth hopes.” It is thought that a combination of job loss worries and the intended VAT hike in January are causing shoppers to be more conscious of their spending.
The latest Plimsoll Analysis - Retailers, analysing the performance of the UK's top 500 Retailers shows that 139 are already in financial difficulty and likely to be the next High Street failure. Click here to find out who they are
This comes just as the retail sector as a whole sees a surprise fall in sales after six months of growth within high street growth. Despite the difficult economic climate, UK shoppers have been surprisingly resilient in terms of high street spending until now.
Top economist at HIS Global Insight, Howard Archer, told Sky News: “The unexpected 0.5% fall in retail sales in August is a nasty shock and deals a significant blow to growth hopes.” It is thought that a combination of job loss worries and the intended VAT hike in January are causing shoppers to be more conscious of their spending.
The latest Plimsoll Analysis - Retailers, analysing the performance of the UK's top 500 Retailers shows that 139 are already in financial difficulty and likely to be the next High Street failure. Click here to find out who they are
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