| 4.1°C Belfast

Close

Premium


Margaret Canning

Pandemic and online spending has accelerated demise of our shops

Margaret Canning


Close

The administration of Arcadia Group and the prospect of the closure of Debenhams stores seem to mark last orders for the high street as we know it

The administration of Arcadia Group and the prospect of the closure of Debenhams stores seem to mark last orders for the high street as we know it

PA

The administration of Arcadia Group and the prospect of the closure of Debenhams stores seem to mark last orders for the high street as we know it

Financial crises like the one we are enduring now inevitably claim scalps on the high street, usually when a fall in disposable income hits retailers' bottom line.

But in the last few years, the march of online shopping has been responsible for more high-profile disappearances than the typical recession.

The first big name to go in recent times was Woolworths in 2009. It was joined in the retail graveyard by smaller businesses like Past Times and JJB Sports, then BHS in 2016, and later, Laura Ashley, Toys R Us, Karen Millen, Coast, LK Bennett, Laura Ashley, Easons, Cath Kidston, Oasis, Warehouse and TM Lewin.


Privacy