What is driving the collapse of high street shops?



Mothercare is the latest name to disappear from the British high street as administrators plan to close all of the chain’s 79 UK stores.
The baby goods company announced on Monday that it was “not capable” of being profitable in the UK, even though international franchises are in the black, says the BBC.
Today, administrators PwC announced the store closures, which will be implemented in phases across Britain.
“This is a sad moment for a well-known high street name,” said joint administrator Zelf Hussain, adding that Mothercare “has been hit hard by increasing cost pressures and changes in... read more

 
12 November 2019 in Auto, Views: 230
Source: The Week
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