Survival of the fittest? absolutely.
T.J.Hughes, Dreams, Habitat, Faith Shoes, Officers Club and many more are names that either went bust or had to take drastic action in the recent past.
The fashionable scapegoat at present is the very swift rise of internet sales, but that is completely wrong.
Tescos and John Lewis and every other professional retailer has just added internet sales into their offer.
Why do retailers go bust? As one of my early bosses told me,
"There's one way to make money, and a thousand ways to lose it!"
The usual overheads are rent, rates, salaries, advertising, utilities.
It's the nasty unexpected things that can happen, like a bigger rival opening nearby, roadworks, flood, fire, theft by both staff and custmers, losing key staff, and again a long list of things you might never consider.
One things for sure, the past five years of really poor economic conditions have really sorted out the retail jungle, and anyone who's left will be looking forward to roaring away when the long awaited upturn turns up!
T.J.Hughes, Dreams, Habitat, Faith Shoes, Officers Club and many more are names that either went bust or had to take drastic action in the recent past.
The fashionable scapegoat at present is the very swift rise of internet sales, but that is completely wrong.
Tescos and John Lewis and every other professional retailer has just added internet sales into their offer.
Why do retailers go bust? As one of my early bosses told me,
"There's one way to make money, and a thousand ways to lose it!"
The usual overheads are rent, rates, salaries, advertising, utilities.
It's the nasty unexpected things that can happen, like a bigger rival opening nearby, roadworks, flood, fire, theft by both staff and custmers, losing key staff, and again a long list of things you might never consider.
One things for sure, the past five years of really poor economic conditions have really sorted out the retail jungle, and anyone who's left will be looking forward to roaring away when the long awaited upturn turns up!
