All Stories

Beware the Retail Gloom in 2013

Tom Winnifrith
Thursday 27 December 2012

Insolvency firm Begbies Trainor grabbed the headlines just before Christmas with a claim that 147 retailers across the UK were zombies, the living dead, poised on the brink of insolvency. The headline was scary enough. But the detail was even scarier. I sense that the bloodbath on the high street will reach a rather unpleasant finale during 2013…

We know why high street retailers are in trouble. They face competition from giant online retailers who do not have expensive properties to maintain and enjoy huge economies of scale (i.e. they can screw suppliers). Worse, Tesco (and to a lesser extent the other supermarkets) grab an incremental share of the off-line non food trade each year. And finally, the overborrowed UK consumer (and it seems US consumer) has finally stopped spending. That trend will not change in 2013. In fact none of them will.

on SpreadBetMagazine | Comments
About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
Twitter
@TomWinnifrith
Email
[email protected]
Recently Featured on ShareProphets
Sign up for my weekly newsletter








Required Reading

Recent Comments


I also read