Carnage At the Store


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In the past six months, about 1, shops run by major chains have either shut or are at risk of closure. To put that in context, a report by PwC and the Local Data Company found 4, High Street shops opened last year and 5, closed, causing a net loss of 1, Sluggish sales, competition from online and rising costs have been blamed for the changing landscape. This trend is set to continue. On Thursday, the new owners of Homebase said head office staff would go and store closures are expected.

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Zain Venturi spent three years at a Maplin shop in London until it closed earlier this month. He has switched career and is now working as an IT engineer. The guys at head office did not understand what the customers wanted.

cokaransmog.tk Bathstore has been struggling for some time, undergoing several changes of ownership during the last decade. Last year, it explored a merger with rival Victoria Plum, but the talks failed to result in a deal.

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Watch Live. Retail carnage deepens as Bathstore nears collapse. Fill 2 Copy 11 Created with Sketch.

Wednesday 19 June , UK. Why you can trust Sky News.


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