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Re: House of Fraser in trouble...
Quote:
Quote from The Sun:
More than 382,000 retail jobs will be lost by 2022, a doomsday business report predicts today.
Damning analysis from the Centre for Retail Research found 61,000 stores had shut their doors since 2012.
By the end of 2018 the figure will be 71,602 - a fall of 18 per cent - with this year expected to be the worst for closures since the 2008 crash.
The independent report said another 31,000 were expected to shut by the end of 2022.It follows previous analysis predicting one in five High Street stores will close by the end of 2018.
And it called for urgent action on issues like car parking charges saying the crisis will “permanently damage” the High Street without rapid intervention.
Report author Dr Joshua Bamfield said shops could be “doomed” without “action to stem the decline”.
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Unfortunately the original report on the link is off-line at the moment.
Looks pretty grim for the Hight Street.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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