Home / Knowledge / News / Apparel/Garments / 2019 to be another tough year for UK retailers: research

2019 to be another tough year for UK retailers: research

30
Jan '19
2019 to be another tough year for UK retailers: research
Struggling UK high street retailers will lose over 175,000 jobs as property value slides amid Amazon’s success and the popularity of online shopping. A further 23,000 shops are likely to close this year, says research by real estate advisor Altus Group. Sixty two per cent of UK property owners said Amazon’s success has disrupted the retail property market.

Retailers are expected to have an even worse year in 2019 than the previous year, which saw nearly 20,000 stores close and 150,000 job losses, the results show.

A further 78 per cent said the rise in experiential retailing has also affected retailers as customers are mainly seeking out experience-led shopping, according to British media reports.

The value of property is expected to decrease by 15.9 per cent as consumers continue to prefer online alternatives.

Last year was tough for many retailers as the likes of House of Fraser, Evans Cycles, Maplin and Poundworld were considerably failing, while Mothercare and Carpetright closed hundreds of their non-performing stores.

The United Kingdom’s high street businesses will continue to grapple with rising costs, subdued consumer confidence and an increase spend online this year, the research concludes. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 14th Aug 2020

Cambodia prepares to face upshot of partial EBA withdrawal

As the preferential treatment Cambodia enjoyed under the European...

Pic: USDA/FAS

Textiles | On 14th Aug 2020

India & Brazil push world cotton stocks to high level

World cotton stocks remain high as the Minimum Support Price (MSP) in ...

Pic: Shutterstock

Apparel/Garments | On 14th Aug 2020

Apparel production in Vietnam fell by 4.6% YoY in Jan-Jul

In the first seven months of this year, textile production in Vietnam ...

Interviews View All

Nitin Bhatia, Trend Arrest

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Textile Industry, Head honchos

Textile Industry
Head honchos

There's a lot more potential in women than what we are witnessing today

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

John Kelley,

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search