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By Emma Weinbren2021-03-11T15:34:00+00:00 The pandemic has accelerated the high street’s decline. Is government support the answer, or does the concept need a wholesale rethink? It was 40 years ago that Coventry band The Specials sang about ghost towns. At the time, the song was seen as a comment on urban decay and deprivation in inner cities. But it could just as well be an anthem for the Covid-19 era. The latest statistics around the high street make for alarming reading. The constant cycle of lockdowns has crippled footfall, which reached an all-time low last May, when the British Retail...
Since then, bosses have moved to implement a “radical” plan to focus more on the food side of the business. But Sir John, chairman and owner of shoe repair chain Timpson, previously stated he believed the “decline” was inevitable. He said: “In the Seventies, M&S had the perfect unique selling point – it was the UK’s best retailer. “We admired its quality, service, supplier relations, employee engagement and management training. Marks and Spencer's switched to foreign suppliers (Image: GETTY) The company was founded more than 130 years ago (Image: GETTY) “It was the s...
Redevelopment: Steve Riley, Miles Parkinson OBE, Sir John Timpson, Stuart Nevision, Sara Britcliffe MP and Murray Dawson are supporting the bid BUSINESS leaders from Accrington have announced that they have been successful in their bid for £150,000 funding to plan the town centre's redevelopment. The money will be used by the cross section of private and public sector leaders who make up the Amazing Accrington board to fund studies into possible redevelopments. The funding was awarded by Hyndburn Borough Council, which hopes that the board can transform Accrington into a nationally renow...
Drapers investigates: Business rates – make or break for the high street As the industry awaits preliminary conclusions to the government’s review of business rates in England, Drapers' Reset Fashion Retail campaign shows why the broken system needs fixing now “before it is too late”. “It has been almost a year since the business rates payment holiday was introduced, but in those 365 or so days nothing has been done to reform the archaic system,” says Derihon Coquard, head of property at Yours Clothing, which has 150 stores across the UK, Ireland and Germany. “Retailers are stil...